GENIUS Act Takes Effect for One Year, U.S. Regulators Still Drafting Stablecoin Rules
2026-07-19 18:31
Odaily has learned that one year ago, U.S. President Donald Trump signed the "Guiding and Establishing National Innovation for U.S. Stablecoins Act," or GENIUS Act, marking the first time the United States 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 advanced and drafted by agencies such as the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.
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 advanced and drafted by agencies such as the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.
