The U.S. GENIUS Act, signed by President Donald Trump on July 18, 2025, also bars stablecoin issuers from paying interest and takes effect in January 2027

Policy, personnel, and politics of the Trump White House.

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.