Illustration of the GENIUS Act's first anniversary with pending stablecoin regulations on a desk.
Picha iliyoundwa na AI

GENIUS Act reaches first anniversary with rules still pending

Picha iliyoundwa na AI
Kiswahili

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.

Watu wanasema nini

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.

Makala yanayohusiana

Illustration of U.S. regulators discussing stablecoin ID rules under GENIUS Act in an office setting.
Picha iliyoundwa na AI

U.S. Agencies Propose Stablecoin Customer ID Rules Under GENIUS Act

Imeripotiwa na AI Picha iliyoundwa na AI

Federal regulators released a proposed rule Thursday requiring stablecoin issuers to verify customer identities in line with bank standards. The measure implements last year's GENIUS Act and opens a 60-day public comment period.

Senators urge Treasury to include states in stablecoin oversight

A bipartisan group of U.S. senators has called on the Treasury Department to create a clear process for states to demonstrate their ability to supervise stablecoins under the GENIUS Act.

Clarity Act stablecoin compromise boosts crypto markets ahead of markup

Imeripotiwa na AI

Following last week's stablecoin yield compromise by Senators Tillis and Alsobrooks, crypto stocks rallied and markup expectations grew for the Digital Asset Market Clarity Act. Circle shares surged 18% amid optimism for Senate Banking Committee action the week of May 11, despite banking pushback.

Alhamisi, 23. Mwezi wa saba 2026, 04:12:29

Goldman Sachs CEO backs CLARITY Act amid Senate delays

Jumatano, 1. Mwezi wa saba 2026, 10:46:53

Taiwan passes Virtual Asset Service Act for stablecoins

Jumatano, 10. Mwezi wa sita 2026, 11:45:34

Crypto firms seek Treasury clarification on GENIUS Act AML rules

Ijumaa, 8. Mwezi wa tano 2026, 03:23:01

Clarity act markup faces ethics and stablecoin hurdles

Jumamosi, 2. Mwezi wa tano 2026, 10:39:27

Senators release CLARITY Act compromise on stablecoin yields

Tovuti hii inatumia vidakuzi

Tunatumia vidakuzi kwa uchambuzi ili kuboresha tovuti yetu. Soma sera ya faragha yetu kwa maelezo zaidi.
Kataa