{"id":870733,"date":"2025-09-05T21:13:02","date_gmt":"2025-09-06T02:13:02","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/05\/trumps-genius-act-wont-knock-uae-off-crypto-throne\/"},"modified":"2025-09-05T21:13:02","modified_gmt":"2025-09-06T02:13:02","slug":"trumps-genius-act-wont-knock-uae-off-crypto-throne","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/05\/trumps-genius-act-wont-knock-uae-off-crypto-throne\/","title":{"rendered":"Trump\u2019s GENIUS Act Won\u2019t Knock UAE Off Crypto Throne"},"content":{"rendered":"
\n

The US
\npassed its landmark GENIUS Act, bringing President Trump one step closer
\nto his pledge of making the US the \u201ccrypto capital of the world.\u201d <\/p>\n

Unfortunately for Trump, no matter what his administration does, I\u2019m
\nafraid these efforts will be in vain. For me, the UAE will always be the real
\nhomeland of crypto.<\/p>\n

The act<\/a>,
\nwhich Trump signed in July, is just more crypto-positive legislation from
\nthe States and a critical part of his administration\u2019s mission to push the US
\nup the DeFi podium.<\/p>\n

\n
\n

TRUMP: ???????? “The Golden Age of America is upon us, with today’s signing.”<\/p>\n

President Trumps signs the Genius Act signaling the first of Stablecoin legislation. pic.twitter.com\/JD2TtV0p9b<\/a><\/p>\n<\/div>\n

\u2014 CoinDesk (@CoinDesk) July 18, 2025<\/a><\/p><\/blockquote>\n

Stablecoin Regulations in the US<\/h2>\n

It lays out
\na clear regulatory framework for stablecoins in the US, further establishing
\nthem within the US’s regulated capital market, and holding stablecoin issuers \u2013
\nlike Circle and Tether, among others \u2013 to stronger anti-money laundering
\ncompliance. In fact, the move has already bolstered consumer and company
\nconfidence in digital assets and is even inspiring Wall Street giants to launch
\ntheir own stablecoins. <\/p>\n

With the
\nworld’s biggest banks getting on board with cryptocurrencies<\/span><\/span><\/span> <\/span>, I can see why
\nTrump might think his act gives the US an edge as the global crypto superpower.
\nUnfortunately for him, this \u201cgiant\u201d leap for crypto is just one of many
\nsmall steps the UAE took years ago. <\/p>\n

In fact, the
\nUAE has been actively encouraging crypto entrepreneurs to set up shop on its
\nshores for years. For a start,
\nits forward-thinking government has established crystal-clear regulatory
\nframeworks for crypto, pioneering how governments should regulate crypto
\nglobally.<\/p>\n

\n
\n

Dubai’s Virtual Asset Regulatory Authority (VARA) is exploring ways to ease the regulatory cost burden for smaller crypto firms.<\/p>\n

During Paris Blockchain Week, VARA CEO Matthew White discussed potential solutions, including a model where larger entities support smaller ones.<\/p>\n<\/div>\n

\u2014 Satoshi Club (@esatoshiclub) April 11, 2024<\/a><\/p><\/blockquote>\n

The Central Bank of the UAE (CBUAE) and Dubai’s Virtual Assets
\nRegulatory Authority (VARA) \u2013 the world\u2019s first virtual asset regulator \u2013
\nprovide comprehensive oversight and checks and balances on digital assets,
\npromoting transparency, consumer security, and fostering innovation in DeFi. In the UAE, crypto isn\u2019t the Wild West<\/a> \u2013 it\u2019s a real, legitimate asset class.<\/p>\n

Dubai Sets the Standard<\/h2>\n

The simple
\nfact is the UAE has been much quicker out of the blocks on regulation, and it\u2019s
\nreaping the rewards. VARA was established in 2022, and Abu Dhabi\u2019s FSRA implemented its first crypto assets regulatory framework in
\n2018 \u2013 that’s a seven-year head start on the US’s GENIUS Act. Does the current
\nUS government really expect to stage a crypto coup this late in the day? <\/p>\n

Moreover,
\nthe UAE imposes zero tax<\/a> on crypto income or capital gains, making it
\nincredibly hard to compete with \u2013 especially for the higher tax jurisdictions
\nof the EU and US. Here\u2019s the bottom line: the country is allowing crypto
\ninvestors and entrepreneurs to thrive, not just survive. It actively encourages
\ncrypto investment and trading.<\/p>\n

\n

UAE Introduces Retroactive VAT Exemptions for Crypto Transactions https:\/\/t.co\/aaNPfOJFyO<\/a><\/p>\n

\u2014 Bitcoin.com News (@BTCTN) October 7, 2024<\/a><\/p><\/blockquote>\n

Going
\nfurther still, the UAE has also fully integrated digital assets into its
\nnational infrastructure. By 2026, we’ll see the UAE\u2019s central bank digital
\ncurrency, the Digital Dirham, supported by all financial institutions
\nregistered in the UAE. <\/p>\n

And on a more consumer note, in Dubai, you\u2019re even able
\nto buy a home using bitcoin<\/span><\/span><\/span> <\/span> \u2013 supported by CBUAE and VARA. With these latest
\ninnovations, the UAE is going beyond accepting crypto \u2013 and promoting
\ninvestment activity in the space \u2013 to making it a pillar of their economic
\nlandscape.<\/p>\n

A Destination for Crypto Issuers<\/h2>\n

Looking at
\nthe whole picture, it\u2019s no wonder that the country is the clear first-choice
\ndestination for crypto issuers and exchanges. And where the big crypto players
\ngo, innovations follow. <\/p>\n

OKX, the world\u2019s second-largest crypto exchange, has
\nlaunched regulated crypto derivatives for retail investors in the region, and
\nbeyond that, there are a staggering 500-plus crypto startups operating there
\ndomestically.<\/p>\n

These
\norganisations and their people have been lured to the UAE by its appetite,
\ninfrastructure, and proactive regulation \u2013 and who can blame them? In my
\nopinion, the US\u2019s GENIUS Act simply doesn’t offer any competitive edge that
\nwill usurp its throne…<\/p>\n

At the end
\nof the day, the UAE has embraced digital assets in a way that no other global
\nmarket has, making itself unchallengeable as the crypto motherland.<\/p>\n

Bitcoin Ownership Rate<\/h2>\n

Of course,
\nI can’t say I’m surprised: they have the highest Bitcoin ownership rate
\nglobally at 27.2%, which is a staggering level of appetite. Considering all the
\nfactors above, it’s no wonder the crypto world has embraced the UAE in return. <\/p>\n

Ultimately,
\nthe UAE is lightyears ahead of other countries in its approach to DeFi in every
\nway. No regulatory shift in other markets is going to bridge the gap and
\ndisplace it as the world leader, and that includes the US. The UAE will always
\nbe the kingpin, and its crypto crown isn\u2019t up for grabs.<\/p>\n<\/div>\n

\n

The US
\npassed its landmark GENIUS Act, bringing President Trump one step closer
\nto his pledge of making the US the \u201ccrypto capital of the world.\u201d <\/p>\n

Unfortunately for Trump, no matter what his administration does, I\u2019m
\nafraid these efforts will be in vain. For me, the UAE will always be the real
\nhomeland of crypto.<\/p>\n

The act<\/a>,
\nwhich Trump signed in July, is just more crypto-positive legislation from
\nthe States and a critical part of his administration\u2019s mission to push the US
\nup the DeFi podium.<\/p>\n

\n
\n

TRUMP: ???????? “The Golden Age of America is upon us, with today’s signing.”<\/p>\n

President Trumps signs the Genius Act signaling the first of Stablecoin legislation. pic.twitter.com\/JD2TtV0p9b<\/a><\/p>\n<\/div>\n

\u2014 CoinDesk (@CoinDesk) July 18, 2025<\/a><\/p><\/blockquote>\n

Stablecoin Regulations in the US<\/h2>\n

It lays out
\na clear regulatory framework for stablecoins in the US, further establishing
\nthem within the US’s regulated capital market, and holding stablecoin issuers \u2013
\nlike Circle and Tether, among others \u2013 to stronger anti-money laundering
\ncompliance. In fact, the move has already bolstered consumer and company
\nconfidence in digital assets and is even inspiring Wall Street giants to launch
\ntheir own stablecoins. <\/p>\n

With the
\nworld’s biggest banks getting on board with cryptocurrencies<\/span><\/span><\/span> <\/span>, I can see why
\nTrump might think his act gives the US an edge as the global crypto superpower.
\nUnfortunately for him, this \u201cgiant\u201d leap for crypto is just one of many
\nsmall steps the UAE took years ago. <\/p>\n

In fact, the
\nUAE has been actively encouraging crypto entrepreneurs to set up shop on its
\nshores for years. For a start,
\nits forward-thinking government has established crystal-clear regulatory
\nframeworks for crypto, pioneering how governments should regulate crypto
\nglobally.<\/p>\n

\n
\n

Dubai’s Virtual Asset Regulatory Authority (VARA) is exploring ways to ease the regulatory cost burden for smaller crypto firms.<\/p>\n

During Paris Blockchain Week, VARA CEO Matthew White discussed potential solutions, including a model where larger entities support smaller ones.<\/p>\n<\/div>\n

\u2014 Satoshi Club (@esatoshiclub) April 11, 2024<\/a><\/p><\/blockquote>\n

The Central Bank of the UAE (CBUAE) and Dubai’s Virtual Assets
\nRegulatory Authority (VARA) \u2013 the world\u2019s first virtual asset regulator \u2013
\nprovide comprehensive oversight and checks and balances on digital assets,
\npromoting transparency, consumer security, and fostering innovation in DeFi. In the UAE, crypto isn\u2019t the Wild West<\/a> \u2013 it\u2019s a real, legitimate asset class.<\/p>\n

Dubai Sets the Standard<\/h2>\n

The simple
\nfact is the UAE has been much quicker out of the blocks on regulation, and it\u2019s
\nreaping the rewards. VARA was established in 2022, and Abu Dhabi\u2019s FSRA implemented its first crypto assets regulatory framework in
\n2018 \u2013 that’s a seven-year head start on the US’s GENIUS Act. Does the current
\nUS government really expect to stage a crypto coup this late in the day? <\/p>\n

Moreover,
\nthe UAE imposes zero tax<\/a> on crypto income or capital gains, making it
\nincredibly hard to compete with \u2013 especially for the higher tax jurisdictions
\nof the EU and US. Here\u2019s the bottom line: the country is allowing crypto
\ninvestors and entrepreneurs to thrive, not just survive. It actively encourages
\ncrypto investment and trading.<\/p>\n

\n

UAE Introduces Retroactive VAT Exemptions for Crypto Transactions https:\/\/t.co\/aaNPfOJFyO<\/a><\/p>\n

\u2014 Bitcoin.com News (@BTCTN) October 7, 2024<\/a><\/p><\/blockquote>\n

Going
\nfurther still, the UAE has also fully integrated digital assets into its
\nnational infrastructure. By 2026, we’ll see the UAE\u2019s central bank digital
\ncurrency, the Digital Dirham, supported by all financial institutions
\nregistered in the UAE. <\/p>\n

And on a more consumer note, in Dubai, you\u2019re even able
\nto buy a home using bitcoin<\/span><\/span><\/span> <\/span> \u2013 supported by CBUAE and VARA. With these latest
\ninnovations, the UAE is going beyond accepting crypto \u2013 and promoting
\ninvestment activity in the space \u2013 to making it a pillar of their economic
\nlandscape.<\/p>\n

A Destination for Crypto Issuers<\/h2>\n

Looking at
\nthe whole picture, it\u2019s no wonder that the country is the clear first-choice
\ndestination for crypto issuers and exchanges. And where the big crypto players
\ngo, innovations follow. <\/p>\n

OKX, the world\u2019s second-largest crypto exchange, has
\nlaunched regulated crypto derivatives for retail investors in the region, and
\nbeyond that, there are a staggering 500-plus crypto startups operating there
\ndomestically.<\/p>\n

These
\norganisations and their people have been lured to the UAE by its appetite,
\ninfrastructure, and proactive regulation \u2013 and who can blame them? In my
\nopinion, the US\u2019s GENIUS Act simply doesn’t offer any competitive edge that
\nwill usurp its throne…<\/p>\n

At the end
\nof the day, the UAE has embraced digital assets in a way that no other global
\nmarket has, making itself unchallengeable as the crypto motherland.<\/p>\n

Bitcoin Ownership Rate<\/h2>\n

Of course,
\nI can’t say I’m surprised: they have the highest Bitcoin ownership rate
\nglobally at 27.2%, which is a staggering level of appetite. Considering all the
\nfactors above, it’s no wonder the crypto world has embraced the UAE in return. <\/p>\n

Ultimately,
\nthe UAE is lightyears ahead of other countries in its approach to DeFi in every
\nway. No regulatory shift in other markets is going to bridge the gap and
\ndisplace it as the world leader, and that includes the US. The UAE will always
\nbe the kingpin, and its crypto crown isn\u2019t up for grabs.<\/p>\n<\/div>\n

Read More<\/a>
\n Fiorenzo Manganiello<\/p>\n","protected":false},"excerpt":{"rendered":"

The US passed its landmark GENIUS Act, bringing President Trump one step closer to his pledge of making the US the \u201ccrypto capital of the world.\u201d Unfortunately for Trump, no matter what his administration does, I\u2019m afraid these efforts will be in vain. For me, the UAE will always be the real homeland of crypto.<\/p>\n","protected":false},"author":1,"featured_media":870734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25764,163],"tags":[],"class_list":{"0":"post-870733","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-genius","8":"category-trumps"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/870733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=870733"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/870733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/870734"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=870733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=870733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=870733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}