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.
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Trump on GENIUS stablecoin bill: ‘Get it to my desk, ASAP’
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GENIUS Act tasks the Treasury Department with overseeing stablecoin licensing at the federal or state level
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GENIUS Act establishes a federal framework for issuing and trading dollar-pegged stablecoins in the United States
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GENIUS Act mandates full 1:1 reserve backing for issuers of digital-asset stablecoins
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