The actions of the United States have caused unease in the EU. The "Genius Act" was signed into law by President Trump in July this year, establishing the first comprehensive rules for a stablecoin market worth $288 billion. According to the act, issuers of tokens pegged to the dollar must hold sufficient reserves of liquid assets, fulfill licensing obligations, and comply with strict reporting standards. Supporters argue that the framework strengthens consumer protection while still allowing room for innovation, which has been a balance that regulators have struggled to achieve. The swift actions of the United States have left European policymakers feeling uneasy, as they have been advancing their own projects more cautiously. According to the Financial Times, insiders have indicated that this shift in the EU began with the U.S. approval of the "Guidance and Establishment of the American Stablecoin National Innovation Act" (also known as the "Genius Act).