GENIUS Act stablecoin regulationUpdate 6 of 7
GENIUS Act Misses Rulemaking Deadline as Stablecoin Regulatory Timeline Compresses
The GENIUS Act is reshaping stablecoin oversight, pushing issuers toward bank-like compliance as rulemaking deadlines, charter races, and implementation gaps keep evolving.
US regulatory agencies missed the GENIUS Act's mandated deadline for finalizing stablecoin rules, with a former SEC counsel stating the act 'has faltered in implementation.' The deadline miss compresses the implementation window for stablecoin issuers and leaves the regulatory framework for bank-integrated stablecoin infrastructure unresolved.
3 sources
- ‘GENIUS Act has faltered in implementation,’ former SEC counsel says · crypto.news · T2
- U.S. regulatory agencies missed deadline for Genius Act stablecoin rules · youtube.com · T3
- US Lawmakers Miss Crucial GENIUS Act Deadline, What’s Next For Stablecoin Issuers? · coingape.com · T2