#StablecoinLaw

The landscape for stablecoins is rapidly evolving. The GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) was signed into law by President Trump on July 18, 2025, establishing the first federal regulatory framework in the US. This landmark legislation aims to enhance consumer protection, ensure stablecoin reserves are fully backed by high-quality assets, and bolster the U.S. dollar's global standing. It mandates regular disclosures and prohibits interest payments on stablecoin holdings. Internationally, the EU's MiCA (Markets in Crypto-Assets) regulation, which began coming into force in 2024 with stablecoin rules effective March 2025, sets strict requirements for stablecoin issuers, including full reserve backing, regular audits, and EU authorization. These developments signal a global move towards greater regulatory clarity and stability for the digital asset class.