Key Takeaways:
On May 14, the Senate Banking Committee voted 15–9 to advance the stablecoin-focused CLARITY Act.The 15–9 committee vote signals a regulatory shift from Biden-era SEC lawsuits toward U.S. capital growth.Ironwallet CEO Ermo Eero warns global standards need treaties, despite 2025 GENIUS Act momentum.Yet, critics argue that unilateral U.S. law cannot substitute for mutual recognition treaties. While acknowledging that the U.S. dominates major markets, Ironwallet CEO Ermo Eero noted that a truly global framework ultimately requires international collaboration.
Converting Principled OpponentsEero added that the problem is not a lack of consumer protections, but a lack of trust. He said until the industry demonstrates it can police bad actors, protect retail customers from hacks and scams, and enforce standards without being told to, institutional trust will remain brittle.
“The missing link is a willingness to accept oversight from within as a precondition for being trusted from outside,” Eero said.
