Signed into law by President Trump on July 18, 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) marks the first major federal crypto legislation in the US. It creates a clear framework for payment stablecoins — digital assets designed for payments, backed 1:1 by reserves like cash or short-term Treasuries.
Key highlights from recent 2026 updates:
FDIC extended the comment period (to May 18, 2026) on rules for banks issuing stablecoins via subsidiaries.
Treasury on track to finalize implementing rules by July 2026.
CFTC updated guidance allowing national trust banks as issuers.
Ongoing debates: Some prosecutors criticize fraud protections, while experts see it boosting innovation & dollar dominance.
This law legitimizes stablecoins, sets strict AML rules, monthly audits, and redemption rights — paving the way for safer digital payments and positioning the US as a global leader.
What do you think — game-changer for crypto adoption or more regulatory hurdles? Drop your thoughts or questions below, I'd love to hear & discuss! Thanks for reading 🙏