GENIUS Act establishes a federal framework for issuing and trading dollar-pegged stablecoins in the United States

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The legislation, which would establish a federal framework for the issuance and trading of stablecoins, was described by Trump as "incredible" and a path to making "America the UNDISPUTED Leader in Digital Assets."

The GENIUS Act seeks to create a regulatory framework for dollar‑pegged payment stablecoins, mandating full 1:1 reserve backing, licenses at the federal or state level, Anti-Money Laundering compliance checks and sufficient consumer protections.