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WSJ Tech News Briefing

What the Future Holds for Stablecoins After Senate Passes Genius Act

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 18 June 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

Senators gave the go ahead to legislation called the Genius Act, which seeks to regulate the stablecoin industry. But some say the new rules don’t go far enough. WSJ Heard on the Street columnist Telis Demos explains what it all means. Plus, the conflict between Israel and Iran could spread beyond the physical battlefield. We hear from WSJ reporter James Rundle about growing cybersecurity concerns. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the year 2000.

0:02.8

Everyone, everywhere, is having fun, except me.

0:06.6

On BBC Eye Player.

0:08.0

I worry you're growing up too fast.

0:10.6

Yeah, we can't be your little ducky forever, can I?

0:13.0

Inspired by a true story.

0:14.8

Walk out of this house a boy, one day you'll come back.

0:17.8

When you do, you will be a man.

0:20.2

I won't hold your breath. What it feels like for a girl. I wish I could look like you. come back. When you do, you will be a man. Oh, and hard your breath. What it feels like

0:22.4

for a girl. I wish I could look like you. Bebe, you can. Why don't you? Watch on BBC I Player.

0:33.8

Welcome to Tech News Briefing. It's Wednesday, June 18th. I'm Victoria Craig for the Wall Street Journal.

0:39.3

As Iran loses ground on the physical battlefield in its raging conflict with Israel, could it look to cyberspace to inflict more damage?

0:48.3

Then, the Genius Act gets the Senate's blessing to head to the House for a vote.

0:53.3

We talked to our Hurt on the Street columnist about what the the House for a vote. We talked to our hurt-on-the-street

0:54.6

columnist about what the legislation means for the stable coin industry and what consumers

0:59.5

should know. But first, the conflict between Iran and Israel could spill over into

1:07.2

places conventional weapons never would. That's a concern cyber security experts have

1:12.2

expressed, warning that companies could be caught in a digital crossfire as the battle escalates.

1:18.1

James Rundle covers cybersecurity and national cyber policy for the Wall Street Journal.

1:23.0

James, you write that cyberspace could provide an avenue for Iran to cause problems, not just for Israel,

1:28.8

but its allies too. How likely is that? It's not just likely. It's happened before. Iran has been

1:33.8

known to target critical infrastructure in the U.S. and past cyber attacks. We saw that in

...

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