GENIUS Act Takes Effect for One Year, U.S. Regulators Still Developing Stablecoin Rules

Odaily reports that U.S. President Donald Trump signed the "Guiding and Establishing National Innovation for U.S. Stablecoins Act," known as the GENIUS Act, one year ago, marking the first time the United States has initiated the construction of a federal regulatory framework for stablecoins.



The GENIUS Act requires federal regulatory agencies to formulate stablecoin governance rules, covering issuer reserves, governance, and operational requirements. The specific details are still being developed by agencies such as the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.