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.

Ohun tí àwọn ènìyàn ń sọ

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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Illustration of U.S. regulators discussing stablecoin ID rules under GENIUS Act in an office setting.
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U.S. Agencies Propose Stablecoin Customer ID Rules Under GENIUS Act

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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

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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.

July 23, 2026 04:12

Goldman Sachs CEO backs CLARITY Act amid Senate delays

July 01, 2026 10:46

Taiwan passes Virtual Asset Service Act for stablecoins

June 10, 2026 11:45

Crypto firms seek Treasury clarification on GENIUS Act AML rules

May 08, 2026 03:23

Clarity act markup faces ethics and stablecoin hurdles

May 02, 2026 10:39

Senators release CLARITY Act compromise on stablecoin yields

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