MiCA, GENIUS and the Global Race to Write the Rules for Digital Assets

MiCA's 2026 deadline and the GENIUS Act's January 2027 compliance window represent two very different answers to the same question: how do you bring digital assets inside the regulatory perimeter without breaking what makes them work? The choices embedded in each framework - on reserve requirements, stablecoin volume caps, extraterritorial reach, and licensing architecture - will determine which markets lead and which lose ground. This policymaker session examines the design principles behind global digital asset regulation, and asks where the frameworks converge, where they conflict, and what a coherent global standard might actually look like.