Actions by the US are raising concerns in the EU. The "Genius Act" was signed by President Trump this July and established the first comprehensive rules for the $288 billion stablecoin market. According to this law, issuers of dollar-pegged tokens must have sufficient reserves of liquid assets, meet licensing obligations, and adhere to strict reporting standards. Supporters argue that this framework enhances consumer protection while leaving room for innovation, which is a balance that regulators have always found difficult to achieve. The swift actions of the US are causing concern among European politicians, who had previously promoted their projects more cautiously. According to the British newspaper "Financial Times," informed sources claim that this shift in the EU began after the US approved the "Guidance and Creation of a National Innovation Law on US Stablecoins" ( also known as the "Genius Act" ).