Upon enactment, agencies (Fed, OCC, FDIC, CFTC, etc.) have 180 days to issue final rules capturing oversight, reserve requirements, audits, licensing, disclosures, and enforcement protocols. This means that the bill will become law in February 2026.
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Kraken relocates HQ to Wyoming, cites longstanding pro-crypto policies
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Kraken’s relocation to Wyoming aligns with the anticipated implementation of federal crypto legislation, including the GENIUS Act, which will require US agencies to finalise oversight, licensing and enforcement rules
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