S. 1582Became Law
GENIUS Act
Establishes a federal and state regulatory framework for payment stablecoins, including issuer eligibility, reserve backing, disclosures, and treatment under financial law
Plain-English overview
What this bill does
Establishes a federal and state regulatory framework for payment stablecoins, including issuer eligibility, reserve backing, disclosures, and treatment under financial law
Key points
- Establish payment stablecoin framework
- Require one to one reserves
- Allow qualifying foreign issuers
- Exclude stablecoins from securities law
Current status
Where it stands
Status
Became Law
Latest action
2025-07-18 — Became Public Law No: 119-27.
Related context
Topics and policy areas
undefinedAccounting and auditingAdministrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationBankruptcyBusiness recordsCivil actions and liability