GENIUS Act stablecoin regulationUpdate 4 of 7
GENIUS Act Misses One-Year Rulemaking Deadline as Fed Chair Warsh Pushes Full Enactment
The GENIUS Act is reshaping stablecoin oversight, pushing issuers toward bank-like compliance as rulemaking deadlines, charter races, and implementation gaps keep evolving.
US regulators failed to meet the GENIUS Act's one-year deadline for finalizing stablecoin rules, compressing the implementation window for bank-integrated stablecoin infrastructure. Fed Chair Kevin Warsh separately ordered full enactment of the GENIUS Act. The GENIUS Act also mandates that stablecoin reserves flow into US Treasury debt instruments.
Multi-media snippets
Fed Chair Kevin Worsh orders full enactment of Genius Act
Lark Davis
Related storylines
- Stablecoin market maturationRegulatory pressures reshaping stablecoin market and infrastructure
4 sources
- Fed Chair Kevin Worsh orders full enactment of Genius Act · youtube.com · T3
- US regulators miss GENIUS Act’s one-year deadline for final stablecoin rules · theblock.co · T1
- The Genius Act requires stablecoin deposits to flow into US Treasury debt · youtube.com · T3
- What’s next as GENIUS Act misses first major rulemaking deadline? · ambcrypto.com · T2