United States of America (the) Stablecoin Regulation

Stage: Live

Regulator: Office of the Comptroller of the Currency (OCC), Federal Reserve, Treasury, State Regulators

GENIUS Act (Public Law 119-27) establishes a federal framework for payment stablecoins with 1:1 reserves, permitted issuers, and prudential oversight. Allows banks and OCC-chartered nonbanks to issue fiat-backed payment stablecoins. Effective 18 months after signing or 120 days after final rules.

Applicable Laws:

• GENIUS Act - https://www.congress.gov/bill/119th-congress/senate-bill/1582
• New York Department of Financial Services (NYDFS) Virtual Currency Guidance - https://www.dfs.ny.gov/industry_guidance/industry_letters/il20220608_issuance_stablecoins
• Digital Asset Market Clarity Act of 2025 ("Clarity Act") (Passed the House) - https://www.congress.gov/crs-product/IN12583
• Wyoming Stable Token Act - https://wyoleg.gov/Legislation/2023/SF0127