#StablecoinLaw

🏛️ What is the GENIUS Act?

It was announced in a Senate session on June 17, 2025, with a majority of 68–30, then approved by the House of Representatives on July 17, 2025, with a vote of 308–122.

It was signed into law by the president on July 18, 2025.

The law imposes strict conditions on the issuance of stablecoins, including: • Full 1:1 backing by liquid assets (dollar/short-term treasury), • Monthly reserve audits, • Compliance with anti-money laundering rules, • Ban on algorithmic currencies, • Prohibition on direct interest issuance from the issuer.

⚙️ Implementation phases

The law will come into effect within 18 months of signing or within 120 days after the issuance of final regulatory rules, i.e., before November 2026.

📌 Promotional trends

After its signing, the market saw a positive response: top executives from Coinbase, Kraken, and Gemini attended the signing ceremony, and stocks related to digital currencies experienced volatility and relief.

Critics allege conflicting interests—especially since the law does not prohibit profits for the president or his family.

Potential beneficiaries: Tether may lose its massive share (~$156 billion) due to transparency requirements, while Circle could achieve significant gains.