#GENIUSActPass Key provisions mandate: dual federal/state licensing for issuers; 1:1 reserve backing with cash or Treasuries; regular audits and public reserve disclosures; consumer redemption rights and insolvency protections; classifying issuers as financial institutions for AML/sanctions compliance; restrictions on non-financial public companies issuing payment stablecoins; and disclosure requirements for large stablecoin holdings by senior officials.