According to CoinMeta, Noah CEO Shah Ramezani indicates that the U.S.'s plan to become "the global crypto capital" consists of three parts: First, the Genius Act defines what constitutes a secure stablecoin. Second, the Clarity Act determines whether SEC or CFTC will regulate cryptocurrencies. Finally, tax regulations will come last. Ramezani points out that the U.S. has completely reversed its stance over the past three years; previously, "they did everything to prevent this from happening."