geniusact

The GENIUS Act — officially the Guiding and Establishing National Innovation for U.S. Stablecoins Act — became law on July 18, 2025, when President Trump signed it after strong bipartisan support in Congress. The Senate passed it 68-30 on June 17, and the House followed with a 308-122 vote on July 17. It's the first major federal legislation specifically targeting cryptocurrency in the U.S., though it focuses narrowly on payment stablecoins — those USD-pegged digital assets designed for everyday payments or settlement, redeemable at a fixed value like $1.

At its core, the Act aims to bring order to a market that had ballooned past $250 billion with little federal oversight. The goal is straightforward: make stablecoins safer and more trustworthy, while preserving room for innovation and reinforcing the dollar's (and America's) position in global digital finance. That said, it's far from perfect. Consumer groups, including Consumer Reports, have rightly noted that it doesn't provide the same level of protection as FDIC-insured bank deposits, and there's ongoing concern that it might allow large non-financial companies to engage in bank-like activities under somewhat lighter rules.

Key Requirements for Issuers
Only permitted payment stablecoin issuers can legally issue these in (or for) the U.S. — goodbye to the wild-west era. Who qualifies?
Subsidiaries of insured banks or credit unions (approved by their primary regulator) Federally qualified nonbank issuers (supervised by the OCC — Office of the Comptroller of the Currency)State-qualified issuers (limited to those with issuance under $10 billion, and only if the state's regime is "substantially similar" to the federal one)

Issuers have to maintain full 1:1 reserves in highly safe, liquid assets: U.S. coins and currency (including Federal Reserve notes), demand deposits at insured institutions, short-term Treasury bills, certain repos/reverse repos backed by Treasuries, government money market funds, central bank reserves, or other similar low-risk government assets regulators approve.Reserves generally can't be Rehobothexcited freely, though limited pledging for short-term liquidity is allowed under tight conditions. Monthly public disclosures of reserve composition are mandatory, and issuers with over $50 billion outstanding must provide audited annual financial statements.

Importantly, no interest or yield can be paid to holders — this helps prevent them from being treated as investment products.

Consumer Protections and Safeguards
In the event of bankruptcy, stablecoin holders get priority claims over other creditors a meaningful improvement over disasters like Terra/Luna. Issuers are subject to the Bank Secrecy Act, requiring full AML/KYC programs, sanctions compliance, and FinCEN-tailored rules. Misleading marketing is banned (no false claims of being "backed by the U.S. government" or "FDIC-insured" unless accurate), and officers/directors with certain financial crime convictions are barred.

Regulatory Clarity (and Carve-Outs)
Compliant payment stablecoins are explicitly not securities (so no SEC oversight) and not commodities (no CFTC), creating a clean jurisdictional carve-out. Oversight is split: federal regulators (OCC for nonbanks, primary bank regulators for subsidiaries) handle the bigger players, while states can oversee smaller ones. Foreign issuers can serve U.S. users only if the Treasury determines their home-country regime is comparable.

The Act phases in over time: full effect comes either 18 months after signing (January 18, 2027) or 120 days after final regulations (whichever is sooner), with some restrictions — like limiting offerings to permitted-issuer stablecoins — taking effect after three years.as of late December 2025 regulators like the fdic are still actively proposing and finalizing implementation rules, including application processes for banks wanting to issue through subsidiaries.

Overall, it's a pragmatic step forward — more scaffolding than full revolution. It directs stablecoins toward safer, more transparent infrastructure without attempting to regulate the entire crypto space (yet). For the industry, it lifts a massive uncertainty cloud and should help speed up institutional adoption, remittances, and on-chain payments. Critics are correct, though, that the protections aren't quite at bank-deposit levels, and the no-yield rule curbs certain innovations. Still, after years of regulatory limbo, it's genuine progress: the U.S. now has a federal playbook for dollar-backed digital cash. If you're using or holding USDT, USDC, or anything similar, this framework is now shaping their path forward in the States.
$BTC $ETH $BNB

#GENIUSAct
#Stablecoins
#CryptoRegulation
#USDCrypto
#PaymentStablecoins

Vladimir #putin 's stance on US crypto policy, as shared by his advisor Anton Kobyakov, is quite critical. Kobyakov alleges that the US is trying to "rewrite the rules" of gold and cryptocurrency markets to offload its massive $35 trillion debt, positioning these assets as alternatives to the traditional global currency system. This move, according to Kobyakov, aims to address the declining trust in the dollar and could destabilize global finance .$BTC @CZ
Putin himself has expressed that no one has the power to ban cryptocurrencies like Bitcoin, indicating Russia's openness to crypto development . Interestingly, there's also talk of the US and Russia discussing Bitcoin mining at the #TRUMP Zaporizhzhia Nuclear Plant in Ukraine, though Ukraine hasn't been involved in these talks .#USCryptoStakingTaxReview $WLFI $TRUMP
In contrast, the US under Donald Trump has taken steps to embrace crypto, establishing a Strategic Bitcoin Reserve and signing the #GENIUSAct to regulate stablecoins .#WriteToEarnUpgrade

​In a historic turning point for the American financial system, major U.S. banks have officially begun moving toward the issuance and settlement of stablecoins. This shift, accelerated by the passage of the GENIUS Act in late 2025, marks the end of the era where stablecoins were seen as "fringe" assets and the beginning of their role as core financial infrastructure.

​The Catalyst: The GENIUS Act
​For years, banks remained on the sidelines due to a lack of regulatory clarity. The "GENIUS Act" (Guiding Electronic New Innovations for User Safety) changed everything by establishing a clear federal framework. Under these new rules, the FDIC and OCC have opened a path for insured banks to issue "Payment Stablecoins"—digital dollars backed 1:1 by high-quality liquid assets like U.S. Treasuries.

​Visa’s Breakthrough: On December 16, 2025, Visa launched its stablecoin settlement framework in the U.S., allowing institutional partners to settle obligations directly in USDC.​FDIC Rulemaking: The FDIC has proposed a formal application process for banks to establish subsidiaries specifically for stablecoin issuance, ensuring these assets are "bank-grade" and secure.
​Institutional Integration: Heavyweights like JPMorgan and PayPal are moving key banking functions "on-chain," recognizing that blockchain-based settlement is faster, cheaper, and operates 24/7—unlike traditional wire transfers.

​This isn't just about banks making more money; it’s about the modernization of the dollar. As banks adopt stablecoin rails:

​Instant Settlements: Domestic and international transfers that used to take days will now happen in minutes.​Lower Fees: By removing traditional intermediaries, the cost of moving money globally is expected to drop significantly.​Programmable Money: Businesses can use "smart contracts" to automate payments, making commerce more efficient.
​While 2025 was the year of legislation, 2026 will be the year of implementation. We are moving toward a "hybrid" financial system where your traditional bank account and your digital wallet become one and the same. The "stablecoin side story" is over; it is now the main event in global finance
#crypto #news #GENIUSAct

#Bitcoin’s inability to reclaim $90,000 exposes a deep structural fracture that could trap investors during the next unwind

Bitcoin’s inability to reclaim $90,000 is looking less like a debate about narratives and more like a test of market plumbing.
For the better part of 2025, the surface story was institutional momentum. The US moved toward a workable regulatory perimeter, capped by President Donald Trump signing the #GENIUSAct to federalize payment stablecoins.
At the same time, spot Bitcoin #ETFs. normalized exposure within brokerage channels, and the broader crypto economy traded as if it had finally graduated into the asset-class mainstream.
This resulted in a rally that drove Bitcoin to a new all-time high of $126,223 in early October.
However, by Oct. 10, the microstructure deteriorated as a violent unwind erased roughly $20 billion in leveraged positions across crypto venues. This forced BTC's price down by 30% from its 2025 highs, and the asset registered its first red October in several years.
Since then, the Bitcoin market has ground lower thanks to thinned liquidity, lower trading volumes, and larger holders selling into rebounds.
These dynamics go a long way toward explaining why Bitcoin is currently struggling below $90,000, rather than treating that level as a staging point for new highs.
The Oct. 10 hangover
The liquidation event mattered because it fundamentally altered the risk appetite of the marginal liquidity provider.
In a deep market, volatility is painful but tradable. Market makers quote size near the mid-price, arbitrage desks keep venues aligned, and large flows clear without forcing price gaps.
After Oct. 10, the incentives flipped. Dealers tightened risk limits, and the market began to trade with significantly reduced shock absorption.
That brittleness is evident in the behavior of larger holders. CryptoSlate previously reported how BTC whales have continued offloading the top crypto, thereby dampening market momentum even after the leverage purge.
Moreover, the market shift is also evident in data on Bitcoin's volumes and depth.
CoinDesk Data’s November exchange review indicates centralized exchange activity has retreated to its lowest level since June.
According to the firm, the combined spot and derivatives volumes across centralized exchanges dropped 24.7% month over month to $7.74 trillion, the sharpest monthly decline since April 2024.

Spot volumes slid 21.1% to $2.13 trillion, while derivatives volumes fell 26.0% to $5.61 trillion. Notably, the derivatives market share slipped to 72.5%, the lowest since February 2025.
A market can print high prices on low turnover, but the dynamic changes immediately when participants need to move size.
Depth is down
The clearest warning signal for Bitcoin is its current market depth, which measures the visible buy and sell interest near the mid-price.
This is where the “trillion-dollar illusion” becomes tangible. Market capitalization is merely a mark-to-market calculation; liquidity is the ability to convert intent into execution without paying a hidden tax in slippage.
When order books are thick and spreads are predictable, institutional strategies, rebalancing on schedule, hedging without slippage shocks, are feasible. Liquidity compounds: dense flow invites tighter quoting from market makers, lowering costs and pulling in more participation.
The reverse, however, is self-fulfilling. Thin liquidity drives up trading costs, forces participants to step back, and ensures the next shock leaves a deeper scar.
Data from Kaiko shows Bitcoin’s aggregated 2% market depth has fallen roughly 30% from its 2025 high. In practical terms, this is the difference between a market that can absorb a fund rebalancing without drama and one that gaps through levels when that same flow hits.
A snapshot from Binance, the largest crypto exchange by trading volume, illustrates the point.
According to Kaiko, both 0.1% and 1% market depth on BTC pairs have risen significantly over the past few years, eclipsing pre-2022 crash highs.
#BTC☀️ $BTC #bullish

The bipartisan bill for stablecoin payments is making progress! The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed the Senate with overwhelming bipartisan support (68-30) in June 2025. This landmark bill aims to regulate payment stablecoins, ensuring consumer protection and fostering innovation in real-time payments .
the GENIUS Act :#GENIUSAct
Allows banks and nonbank financial institutions to issue stablecoins with stringent requirements. Mandates 1-to-1 backing with high-quality liquid assets (US Treasury securities, cash).$ETH Monthly reporting on outstanding stablecoins and reserves.Segregation of customer assets and anti-money laundering provisions .$BTC
LATEST
The House is deciding whether to adopt the Senate text or reconcile differences with their own Stablecoin Transparency and Accountability for a Better Ledger Economy Act. #stablecoin #WriteToEarnUpgrade
A separate Digital Asset PARITY Act proposes tax exemptions for stablecoin transactions under $200 and 5-year deferral for staking/mining rewards .$XRP