GENIUS Act

Highlights: Elizabeth Warren criticized the OCC for approving crypto trust charters without full banking safeguards. Warren said some crypto firms may be using trust charters to act like banks. The senator asked the OCC to share charter documents and legal […]

Highlights: Galaxy says regulated stablecoins could support U.S. credit markets, not weaken the banking system. Offshore demand may drive most stablecoin growth under the GENIUS Act, Galaxy’s model shows. The report estimates stablecoins could add up to $1.2 trillion in […]

Highlights: Stablecoin market hits $317 billion in new valuation amid soaring interest. Circle’s USDC leads other stablecoins, including Tether’s USDT, in institutional use. Newer stablecoins like USD1 sUSDS, and USDe are also attracting significant traders’ interest.  The stablecoin market has […]

Highlights: Morgan Stanley launched MSNXX to help stablecoin issuers manage reserve assets. MSNXX invests in short-term U.S. Treasuries and Treasury-backed repo agreements. The fund aims to preserve capital, provide daily liquidity, and maintain a $1.00 share price. Morgan Stanley Investment […]

Highlights: Takatoshi Shibayama said a broader US yield ban could create openings in other markets. He said tighter US rules may push regulators abroad to revisit stablecoin rewards. He added that Asia is already shifting toward stablecoins, tokenized products, and […]

Highlights: FDIC is planning rules to block stablecoin deposit insurance under the GENIUS Act. Stablecoin holders will not receive the $250,000 protection given to bank deposits. Regulators are seeking public comments as banks warn stablecoins could pull money from deposits. […]

Highlights: Trump slams banks for delaying the passage of GENIUS Act for stablecoin regulation. The US president warned that if the delay persists, crypto growth could shift to other regions like China. Banks argued that the new bill contains a […]

Highlights: The GENIUS Act proposal sets clear federal rules for payment stablecoin issuers in the United States. Issuers must hold one-to-one liquid reserves and redeem stablecoins at par within two business days. The draft addresses the yield dispute and could […]

Highlights: SEC has allowed broker-dealers to apply a 2% stablecoin haircut instead of a full 100% deduction. Qualifying payment stablecoins can now count toward net capital like money market funds. Updated guidance will support tokenized securities and broader on-chain settlement […]

Highlights: Bankers Association urges OCC to slow crypto charter approvals until the GENIUS Act rules are clear. They said uninsured crypto banks could risk customer assets, cybersecurity, and regulatory compliance gaps. ABA wants stricter naming and transparency rules to protect […]

Highlights: The FIDD stablecoin is fully backed by cash, cash equivalents, and short-term U.S. Treasuries. FIDD aims to support both institutional settlements and retail payments on-chain. FIDD will comply with the GENIUS Act and ensure daily transparency in reserves. $6 […]

Highlights: Tether launches USA₮, a dollar-backed stablecoin for use in the United States. Tether ensures compliance and transparency through Anchorage Bank and Cantor Fitzgerald. USA₮ will first launch on Kraken, Crypto.com, OKX, Bybit, and MoonPay. After years of regulatory pressure […]