a16z Crypto's Miles Jennings says GENIUS Act makes onchain shift hard to reverse
- —Jennings delivered the keynote at the a16z Crypto Korea Summit in Seoul on October 1, 2026
- —The GENIUS Act, signed July 18, 2025, mandates 1:1 reserves for stablecoin issuers
- —Repealing the law would require Congress to act, unlike reversing agency guidance
- —Morpho, Digital Asset and OP Labs took part; a16z opened its Seoul office in December 2025
Why it matters: Anchoring stablecoin rules in statute lowers regulatory risk and could widen issuer access to institutional capital and traditional markets.
Source: Crypto Briefing