Tag Archives: GENIUS Act

This tag is used to collect information on regulatory developments, licensing systems, compliance requirements, and industry practices related to the GENIUS Act.

Qualified Crypto Custodians under the US GENIUS Act and California DFAL: Licensing, Segregation Obligations, and List of Licensed Institutions
Qualified Crypto Custodians under the US GENIUS Act and California DFAL: Licensing, Segregation Obligations, and List of Licensed Institutions

The U.S. GENIUS Act requires that stablecoin reserves be held in custody by federally or state-regulated financial institutions, prohibiting self-custody, and will take effect on January 18, 2027. California's DFAL will be in effect from July 2026.

23
June
The US OCC is pushing forward with the GENIUS Act's final rules for stablecoins: the final version is expected by November 2026, impacting issuer licenses.
The US OCC is pushing forward with the GENIUS Act's final rules for stablecoins: the final version is expected by November 2026, impacting issuer licenses.

On August 19, 2026, Jonathan Gould, Comptroller of the Currency (OCC), stated that GENIUS would be released by November 2026.

20
June
Proposed Rules for Stablecoin Sales under the US GENIUS Act: An Interpretation of the Framework for Licensing Payment Stablecoin Issuers
Proposed Rules for Stablecoin Sales under the US GENIUS Act: An Interpretation of the Framework for Licensing Payment Stablecoin Issuers

美国财政部2026年8月17日发布GENIUS法案第3条拟议规则，界定Payment稳定币在美发行与销售边界：2027年1月18日起发行人须持联邦或州牌照，2028年7月18日起平台不得向美国客户出售非获许可发行人稳定币，外国发行人须满足对等合规安排。意见征询截止2026年10月19日。

18
June
A Bloomberg investigation reveals the inside story of the GENIUS Act legislation: U.S. Commerce Secretary Lutnick and former White House staffer Hines are accused of tailoring stablecoin terms for Tether.
A Bloomberg investigation reveals the inside story of the GENIUS Act legislation: U.S. Commerce Secretary Lutnick and former White House staffer Hines are accused of tailoring stablecoin terms for Tether.

A Bloomberg in-depth investigation published on July 22, 2026, revealed that U.S. Commerce Secretary Howard Lutnick and former White House crypto affairs chief Bo Hines tailored several favorable provisions for Tether in the GENIUS Act. Tether provided loans to Lutnick's children's trust fund, and Hines joined Tether just one month after the bill was signed. Senators Warren and Wyden have launched a congressional investigation.

24
June
Tassat launches Project NENYA: Building GENIUS Act-compliant stablecoin reserve management infrastructure for small and medium-sized banks.
Tassat launches Project NENYA: Building GENIUS Act-compliant stablecoin reserve management infrastructure for small and medium-sized banks.

On July 23, 2026, Tassat Group launched Project NENYA, a smart reserve management engine: an infrastructure for optimizing stablecoin reserves in the post-GENIUS Act market, connecting issuers and small and medium-sized banks to dynamically optimize reserve distribution between cash deposits and tokenized HQLA. The platform has settled over $2.5 trillion in cumulative transactions and has been reviewed by the OCC, FDIC, and NYSDFS, with an expected launch in early 2027.

24
June
The US GENIUS Act stablecoin rules have been finalized: the July 18th deadline has passed, and comments on the OCC anti-money laundering rules close tomorrow. A $0.9 billion market awaits the final compliance framework.
The US GENIUS Act stablecoin rules have been finalized: the July 18th deadline has passed, and comments on the OCC anti-money laundering rules close tomorrow. A $0.9 billion market awaits the final compliance framework.

GENIUS Act法定规则制定截止日7月18日已过，OCC、美联储、FDIC等六家联邦机构未发布协调一致的最终规则包。OCC稳定币AML规则评论7月24日截止，FDIC合规框架8月4日截止。法案生效日不晚于2027年1月18日，USDT和USDC不会因期限错过而非法化。

23
June
One year after the US GENIUS Act: All seven federal agencies missed the statutory deadline for final rules on stablecoins, leaving the market in a compliance vacuum.
One year after the US GENIUS Act: All seven federal agencies missed the statutory deadline for final rules on stablecoins, leaving the market in a compliance vacuum.

GENIUS Act自2025年7月18日签署以来满一周年，七家联邦监管机构全部未能在法定期限前完成稳定币最终实施规则。财政部等六家发布了约10份提案规则但None一进入最终阶段，联邦储备委员会甚至未进入提案阶段。法案不设违规惩罚机制，但整体框架最迟于2027年1月18日强制生效，届时覆盖3,100亿美元稳定币市场。Anchorage借机推动CLARITY Act立法。

20
June
Countdown to the US GENIUS Act: USDT faces the 2028 compliance deadline for US crypto platforms; can Tether's dual-currency strategy pass the test?
Countdown to the US GENIUS Act: USDT faces the 2028 compliance deadline for US crypto platforms; can Tether's dual-currency strategy pass the test?

The three-year transition period for the US GENIUS Act will expire in mid-2028. USDT faces the risk of being delisted from US exchanges due to its reserve assets containing non-compliant assets such as gold and Bitcoin. Tether is responding with a dual-currency strategy using the USA₮, but whether USDT can obtain reciprocal recognition from the Treasury Department remains highly uncertain. This article systematically reviews the core requirements of the GENIUS Act, key timelines, and changes in the industry's competitive landscape.

20
June
A New Global Regulatory Landscape for Stablecoins: Compliance Evolution from Trading Instruments to Digital Financial Infrastructure under the MiCA and GENIUS Act Framework
A New Global Regulatory Landscape for Stablecoins: Compliance Evolution from Trading Instruments to Digital Financial Infrastructure under the MiCA and GENIUS Act Framework

Binance Research 7月报告揭示稳定币从交易工具到数字金融基础设施的结构性转变（储蓄、生息、Payment、链上外汇、AI微Payment），恰逢全球两大稳定币监管框架——欧盟MiCA（7月1日终止过渡期）和美国GENIUS Act（7月18日合规节点）——在2026年7月形成双重合规门槛。非美元稳定币呈现合规驱动分化，EURI在MiCA框架下五个月内规模从零飙升至5110万美元，而部分新兴市场稳定币因跨区监管不互认陷入流通僵局。

19
June
Visa, in partnership with 140 companies, launched the OpenUSD stablecoin: a zero-fee, revenue-sharing model that challenges the Circle licensing landscape.
Visa, in partnership with 140 companies, launched the OpenUSD stablecoin: a zero-fee, revenue-sharing model that challenges the Circle licensing landscape.

Open Standard, in partnership with over 140 companies including Visa, Stripe, and BlackRock, will launch the Open USD stablecoin on June 30, 2026. Its zero-minting-fee + reserve return model directly challenges the revenue structures of Circle and Tether. Circle's stock price has cumulatively fallen by approximately 40%. This article provides an in-depth analysis from four dimensions: business model, market impact, regulatory basis under the GENIUS Act, and the influence of licensed institutions.

17
June
The US and UK Treasury jointly released a cross-border coordination framework for stablecoins: the GENIUS Act and new FCA regulations are aligned for the first time.
The US and UK Treasury jointly released a cross-border coordination framework for stablecoins: the GENIUS Act and new FCA regulations are aligned for the first time.

On July 14, 2026, the US and UK Treasury Departments, through the TTMF Working Group, jointly released a cross-border harmonization framework for stablecoins. This framework establishes three core principles: 1:1 HQLA full guarantee, reserve segregation, and holder priority. It marks the first time that the GENIUS Act and the FCA's final June 2026 rules have been aligned, and it supports the expansion of stablecoins into securities and commodity settlement. The framework adopts a harmonization model based on comparable outcomes rather than identical rules, providing new regulatory certainty for licensed institutions in the Asia-Pacific region regarding cross-border payments and banking access.

15
June
The US and UK Treasury jointly released a ten-point roadmap for transatlantic tokenized finance, comprising three pillars: a 1:1 stablecoin reserve, regulatory harmonization of tokenized securities, and cross-border testing.
The US and UK Treasury jointly released a ten-point roadmap for transatlantic tokenized finance, comprising three pillars: a 1:1 stablecoin reserve, regulatory harmonization of tokenized securities, and cross-border testing.

2026年7月14日，美国财政部与United Kingdom财政部联合发布跨大西洋未来市场工作组（TTMF）十点路线图，覆盖代币化资产、稳定币与资本市场。五大数字资产建议包括组建私营主导的跨境代币化测试工作组、SEC/CFTC/FCA/英格兰银行四方监管协调、稳定币1:1全额储备联合声明。英美协调框架为非立法性监管对齐机制，United Kingdom预计代币化2035年前可新增440亿美元经济产出。

15
June
Testing the Boundaries of Legal Liability for Stablecoin Issuers: Compliance Implications of Wisconsin's Criminal Contempt of Court Charges Against Circle
Testing the Boundaries of Legal Liability for Stablecoin Issuers: Compliance Implications of Wisconsin's Criminal Contempt of Court Charges Against Circle

Circle has been charged with criminal contempt of court by the Walworth County District Attorney in Wisconsin for refusing to assist victims in recovering approximately $120 million in USDC fraudulent funds. This case could serve as a precedent test for state court jurisdiction over stablecoin issuers in the United States.

09
June
The Federal Reserve includes stablecoins in its research agenda on the international role of the US dollar—a regulatory leap for USDT/USDC from the crypto fringe market into a private channel for dollar liquidity.
The Federal Reserve includes stablecoins in its research agenda on the international role of the US dollar—a regulatory leap for USDT/USDC from the crypto fringe market into a private channel for dollar liquidity.

At the June 22nd meeting on the international role of the US dollar, Federal Reserve Governor Waller included stablecoins in the formal research agenda, characterizing them as an upgrade from a peripheral market in crypto to a private channel for dollar liquidity. A recent study by the Richmond Fed reveals that reserve-backed stablecoins strengthen the dollar's hegemony by increasing demand for Treasury bonds, and the GENIUS Act institutionally locks in this transmission mechanism. This article, from the perspective of licensed stablecoin issuers, compares the recalibration directions of the MiCA/HKMA/MAS frameworks.

05
June
Licensing and Compliance Path for OUSD, a Revenue-Sharing Stablecoin, under the US GENIUS Act Framework
Licensing and Compliance Path for OUSD, a Revenue-Sharing Stablecoin, under the US GENIUS Act Framework

On June 30, 2026, over 140 institutions, including Visa, Mastercard, BlackRock, and Coinbase, jointly launched the Open USD (OUSD) stablecoin, challenging the monopolistic interest rate business logic of USDC/USDT with its revenue-sharing model. This article analyzes the compliance path of multilateral stablecoin networks and its reference value for licensed payment institutions in the Asia-Pacific region from four dimensions: the GENIUS Act federal framework, state-level MTL licenses, OCC trust bank bylaws, and the Howey test of securities law.

04
June
Cybrid Survey: 42% of Enterprises Have Already Used Stablecoins for Cross-Border Payments; Regulatory Clarity Becomes a Key Variable for Scalability
Cybrid Survey: 42% of Enterprises Have Already Used Stablecoins for Cross-Border Payments; Regulatory Clarity Becomes a Key Variable for Scalability

Cybrid released a survey of 468 corporate executives: 42% have already used stablecoins for cross-border payments, and 88% plan to adopt them within a year, with average cost savings of 35%. 71% of respondents listed regulatory clarity as the primary variable for expanding usage. The global stablecoin market capitalization has reached $3076 billion, with over $760 billion in stablecoins compliant with the GENIUS Act. Stablecoins are transitioning from crypto infrastructure to mainstream corporate payment tools.

01
June
The US OCC plans to apply the Bank Secrecy Act to payments to stablecoin issuers: another step forward in the GENIUS Act compliance framework.
The US OCC plans to apply the Bank Secrecy Act to payments to stablecoin issuers: another step forward in the GENIUS Act compliance framework.

The U.S. Office of the Comptroller of the Currency (OCC) has released a proposed rule to apply the Bank Secrecy Act and anti-money laundering/counter-terrorist financing requirements to Licensed Payment Stablecoin Issuers (PPSIs). This rule, a key complement to the GENIUS Act, requires PPSIs to establish effective AML/CFT and sanctions compliance programs and introduces the OCC-FinCEN consultation mechanism and safe harbor provisions. This marks the first time that non-bank stablecoin issuers have a clearly defined BSA compliance framework at the U.S. federal level.

24
June
The Federal Reserve released a proposal for customer due diligence rules for stablecoin issuers: Powell supported it, while new Chairman Warsh abstained, accelerating the implementation of GENIUS Act compliance infrastructure.
The Federal Reserve released a proposal for customer due diligence rules for stablecoin issuers: Powell supported it, while new Chairman Warsh abstained, accelerating the implementation of GENIUS Act compliance infrastructure.

On June 18, 2026, the Federal Reserve released a proposed rule for its Customer Identification Program (CIP) for stablecoin issuers, requiring the Payment Services Institution (PPSI) to establish a CIP system equivalent to that of banks. Former Chairman Jerome Powell voted in favor, while the newly appointed Chairman Kevin Warsh abstained without explanation. Governor Barr, while voting in favor, criticized the exemption for decentralized protocols, suggesting it might not adequately cover the risks of illicit financial activities in the secondary market. This rule will likely drive the dollar-denominated stablecoin market towards a few licensed issuers, with existing KYC systems like Circle and Paxos gaining an advantage. A 60-day public comment period is expected.

19
June
Fidelity launches digital reserve fund: The licensing and compliance infrastructure for stablecoin reserve management under the GENIUS Act is rapidly taking shape.
Fidelity launches digital reserve fund: The licensing and compliance infrastructure for stablecoin reserve management under the GENIUS Act is rapidly taking shape.

On June 17, 2026, Fidelity launched the Fidelity Reserves Digital Fund, a GENIUS Act compliant money market fund designed specifically for stablecoin issuers, investing in 93-day U.S. Treasury securities, cash, and overnight repurchase agreements. Just one week after State Street's similar product, SSRXX, competition in the Wall Street stablecoin reserve management sector is accelerating. BlackRock, JPMorgan, and Franklin Templeton are expanding simultaneously, and reserve management is becoming the most defensive business layer of stablecoin infrastructure.

18
June
State Street partners with Anchorage Digital to launch MMF, a stablecoin reserve compliant with the GENIUS Act. SSCXX: Wall Street asset management giants vie for a $150 billion market share.
State Street partners with Anchorage Digital to launch MMF, a stablecoin reserve compliant with the GENIUS Act. SSCXX: Wall Street asset management giants vie for a $150 billion market share.

In June 2026, State Street Investment Management launched the SSCXX stablecoin reserve money market fund, with Anchorage Digital, a federally chartered crypto bank, as its seed investor. The fund fully complies with the GENIUS Act framework, with a minimum investment of $15 million. JPMorgan Chase, Morgan Stanley, and ProShares subsequently entered the fray, initiating a full-blown competition among Wall Street asset management giants for $315 billion in stablecoin reserve assets.

17
June

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