#GENIUSActPass Gradual Regulatory Framework: The law establishes a two-tier regulatory system. Smaller issuing entities will be subject to state regulators, while large companies (whose currencies exceed $10 billion in size) will be under federal oversight.

* Ban on algorithmic stablecoins: The legislation explicitly prohibits the issuance of "unbacked" or "algorithmic" stablecoins, which rely on complex mathematical equations to maintain their value, which experiments have shown to be prone to catastrophic collapses.

* Clarification of relationship with securities law: The law clarifies that stablecoins intended for payments that comply with its provisions will not be classified as securities. This resolves one of the main points of uncertainty that has hindered the development of this sector.

* Consumer protection: The law includes strict measures to protect consumers, such as regular disclosures about the nature of reserves and prohibiting the mixing of customer funds with the assets of the issuing company.