#GENIUS Act

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 […]

Highlights: Community banks warn that stablecoin rewards could reduce deposits used for local loans. Lawmakers are under pressure to clarify the GENIUS Act rules on stablecoin rewards. Crypto groups have disputed bank concerns as Congress reviews crypto market structure rules. […]

Highlights: PwC launches comprehensive crypto services in the U.S., covering audits, taxes, and consulting. Trump’s GENIUS Act and clearer regulations push Big Four firms deeper into digital assets. New clients and senior hires show PwC’s commitment to stablecoins and tokenized […]

Highlights: Brian Armstrong vowed that Coinbase would resist reopening the GENIUS Act, calling it a red line. Max Avery warned banks fear losing deposits, pushing lawmakers against stablecoin rewards. Armstrong predicted banks will eventually support stablecoin yields once profit opportunities […]

Highlights: FDIC has set a clear path for banks to apply for stablecoin approval under a new framework this year. Banks must submit detailed applications covering governance and controls under the FDIC safety standards. FDIC expects limited early participation, while […]

Highlights: FDIC is planning a draft rule that will set clear steps for stablecoin issuers seeking federal oversight. The GENIUS Act stablecoin rules will guide agencies as they align oversight duties and shape early policy decisions. Regulators are working together […]

Highlights: Banks want to stop stablecoin rewards, but Coinbase says this unfairly targets crypto.  Coinbase rejected banks’ GENIUS Act interpretation, saying it wrongly limits stablecoin payment use. Treasury warned stablecoins could shift over $6.6 trillion from banks. A new clash […]

Highlights: Coinbase seeks narrow GENIUS Act rules to protect developers and open-source platforms. Stablecoins should be treated as cash equivalents for tax and accounting. Excessive regulation may hinder U.S. leadership in digital finance. Crypto exchange Coinbase has responded to the […]