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prima:Puerto Rico banks are keeping an eye on the new federal law on cryptocurrencies

The Genius Law could transform the relationship between banks and new generations, according to the Puerto Rico Bankers Association

July 29, 2025 - 3:00 PM

On July 18, President Donald Trump signed into law the Government Enforcement and National Integration for Uniform Standards Act, known as the Genius Act. (The Associated Press)

The approval of the first federal legislation to regulate the cryptocurrency market in the United States, known as the “Genius” Act (Government Enforcement and National Integration for Uniform Standards), could open the door to greater banking penetration in Puerto Rico, according to Zoimé Álvarez Rubio, president of the Puerto Rico Bankers Association (ABPR).

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