Illustration of the GENIUS Act's first anniversary with pending stablecoin regulations on a desk.
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GENIUS Act reaches first anniversary with rules still pending

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The Guiding and Establishing National Innovation for U.S. Stablecoins Act marked its first anniversary on Saturday without federal regulators completing the required rules. The law, signed by President Donald Trump one year ago, set standards for stablecoin issuers but left details to agencies.

Regulators at the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation have issued proposals for comment but have not finalized them. The one-year mark was intended as a deadline for those rules.

Tether's USDT faces a two-year compliance window ending in July 2028. Noncompliant stablecoins could be barred from U.S. platforms after that date. Tether CEO Paolo Ardoino said last year the company would comply.

Crypto Council for Innovation CEO Ji Hun Kim called the law's passage a landmark moment. He said agencies and firms are building on a clearer foundation.

Senator Elizabeth Warren requested updated financial disclosures from Trump covering the first half of 2026. She cited his prior report of more than $1.4 billion in crypto earnings.

Hvad folk siger

Discussions on X note that US regulators missed the GENIUS Act's one-year deadline for final stablecoin rules, leaving issuers like Tether in limbo with compliance targets into 2027-2028. Users highlight ongoing uncertainty despite the law's passage, with some observing that markets run on voluntary disclosures and others calling the delay a sign of regulatory complexity. Skeptical takes emphasize the impact on USDT reserves and institutional adoption.

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