A16z Crypto’s Miles Jennings says the Genius Act makes the onchain shift hard to reverse

Policy in Washington has a habit of changing whenever the people in charge do. Miles Jennings thinks the GENIUS Act is built to resist that. Speaking at the a16z Crypto Korea Summit in Seoul on October 1, 2026, Jennings said the US stablecoin law made it hard for future hostile administrations to undo the migration of finance onto blockchains. Jennings serves as head of policy and general counsel at a16z Crypto. He delivered the event’s keynote on global digital asset policy, and the GENIUS Act sat at the center of his remarks. What Jennings said in Seoul The summit took place at the Chosun Palace Gangnam Hotel in Seoul. His argument centered on how the GENIUS Act anchors stablecoin rules inside a structured regulatory framework. In his framing, that structure is what makes the law resistant to future administrations that might prefer to roll things back. The GENIUS Act was signed into law on July 18, 2025. It sets up a framework for payment stablecoins in the US, the dollar-pegged tokens that move value across crypto networks. The law imposes strict requirements on issuers. Among the most important: stablecoin issuers must hold 1:1 reserves of high-quality liquid assets. Jennings ...