Key requirements of the Genius act

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Genius Act requires stablecoin issuers to must comply with anti-money laundering (AML) standards, including customer due diligence and suspicious activity reporting

GENIUS Act includes a provision to allow non-financial companies to issue stablecoins, which remains a point of contention

GENIUS Act mandates that all payment stablecoins be fully backed by highly liquid assets such as U.S. dollars or short-term Treasury securities

Genius Act requires annual audits for large stablecoin issuers with more than $50 billion in market capitalization and segregation of reserves from operational capital

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