🏛️ Federal Policy & Legislative Activity

1. GENIUS Act (Stablecoin Regulation)

• The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act was signed into law on July 18, 2025, establishing a first‑ever federal framework for payment stablecoins  .

• It requires stablecoins to be 100% backed by U.S. dollars or low‑risk assets, with regular audits, monthly disclosures, and AML/KYC compliance .

• Issuers must register with federal or state authorities depending on size .

2. CLARITY Act

• Passed by the House in mid‑July 2025, this bill aims to resolve confusion over jurisdiction by clearly defining when the SEC or CFTC regulates digital assets .

• It supports a more predictable regulatory environment to encourage innovation .

3. Anti‑CBDC Surveillance State Act

• Also approved by the House around the same time, this act prohibits the U.S. from creating a central bank digital currency (CBDC), citing privacy and surveillance concerns .

4. FIT21 (Financial Innovation & Technology Act)

• Passed the House in May 2024; FIT21 defines asset types based on blockchain decentralization and assigns regulatory authority between SEC (securities) and CFTC (commodities) .

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📌 Executive & Policy Direction

President Trump’s Executive Order (EO 14178)

• Signed January 23, 2025, this revoked previous restrictive directives, banned federal CBDC issuance, and mandated a regulatory framework within 180 days