#USStablecoinBill

The GENIUS Act, introduced in February 2025, aims to establish a clear regulatory framework for U.S. dollar-pegged stablecoins. It mandates that issuers maintain 1:1 reserves in high-quality assets like U.S. currency or Treasury bills and comply with transparency measures such as monthly reserve disclosures. The bill proposes a dual regulatory approach: issuers with over $10 billion in assets would be subject to federal oversight, while smaller issuers could operate under state regulation, provided state standards align with federal requirements. Additionally, the Act classifies payment stablecoins as non-securities, placing them outside the SEC's jurisdiction. While the GENIUS Act has garnered bipartisan support, it faces political challenges, including concerns over anti-money laundering provisions and potential conflicts of interest related to former President Trump's family's involvement in stablecoin ventures.