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

Quotes that support claims

It bars issuers from offering yield on the coins themselves and mandates complete segregation of reserves from operational capital

The Senate bill would require stablecoins to be fully backed by U.S. dollars or similarly liquid assets, mandate annual audits for issuers with more than $50 billion in market capitalization, and add language around foreign issuance