Tagged: the genius act

August 25, 2026 @ 4:23 pm By JD Alois  |  

An article on WSJ.com says US Treasury Secretary Scott Bessent may get support from the crypto markets as he tries to push bond yields lower. Earlier this week, Bessent said the US Treasury Department would use its balance sheet to buy Treasuries in an attempt to drive yields… Read More

August 25, 2026 @ 7:14 am By Omar Faridi  |  

The Blockchain Association, an industry advocacy group for digital assets, has voiced strong support for key elements of proposed federal rules implementing customer identification requirements for permitted payment stablecoin issuers under the GENIUS Act. In a comment letter submitted on August 21, 2026, the organization… Read More

July 20, 2026 @ 3:51 pm By JD Alois  |  

The GENIUS Act, which became law a year ago this past week, was a landmark event for the burgeoning digital asset industry. Regulated “payment stablecoins” have been approved for issuance and usage in the United States, paving the way for faster, less expensive, and more… Read More

July 19, 2026 @ 6:16 pm By Omar Faridi  |  

Federal banking and financial regulators have allowed the statutory one-year period for completing implementing regulations under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to lapse without delivering finalized rules. July 18, 2026—one year after the law’s enactment—passed without the full set… Read More

July 13, 2026 @ 2:08 pm By JD Alois  |  

Last month, a delegate from the Republic of Korea met with representatives of the Securities and Exchange Commission Crypto Task Force to better understand US policy initiatives in developing crypto asset regulations and how Korea could potentially align with the US as it advances new… Read More

June 12, 2026 @ 5:11 am By Omar Faridi  |  

Anchorage Digital has publicly backed the US Treasury‘s joint proposal from FinCEN and OFAC aimed at putting into effect the anti-money laundering (AML) and sanctions elements of the GENIUS Act. Submitted on June 9, 2026, the company’s detailed comment letter highlights how these measures strike… Read More

June 2, 2026 @ 6:01 pm By JD Alois  |  

The Blockchain Association has submitted a letter it sent to the US Department of the Treasury regarding the regulation of stablecoins. Treasury has requested feedback on details pertaining to the issuance and management of stablecoins as defined by the GENIUS Act. The Blockchain Association agrees… Read More

April 15, 2026 @ 8:59 am By Omar Faridi  |  

Blockchain intelligence firm Elliptic has share a detailed update on a major regulatory step forward by the US Treasury Department. On April 8, 2026, the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) released a notice of proposed rulemaking (NPRM)… Read More

April 1, 2026 @ 12:17 pm By JD Alois  |  

The US Department of the Treasury is requesting feedback on proposed rules regarding the GENIUS Act, the legislation that legalizes payment stablecoins. The Guiding and Establishing National Innovation for US Stablecoins Act was signed into law earlier this year, yet questions remain. Treasury states that,… Read More

March 25, 2026 @ 11:50 am By Omar Faridi  |  

At the Digital Asset Summit 2026 in New York, SEC Chairman Paul Atkins delivered a clear message: the agencies’ recent joint interpretative release on crypto assets marks only the beginning of meaningful progress. “The interpretative release is not a panacea,” he stated. “It’s really just… Read More

March 4, 2026 @ 9:32 am By JD Alois  |  

President Donald Trump took to Truth Social yesterday to lambast legacy banks and their inability to compromise on crypto market infrastructure legislation. The CLARITY Act (or whatever it ends up being called) remains stalled in the Senate largely due to pushback from incumbent banks and… Read More

February 9, 2026 @ 11:26 am By JD Alois  |  

The Commodity Futures Trading Commission’s Market Participants Division has reissued CFTC Staff Letter 25-40 with a slight revision to the definition of “payment stablecoin.” According to the CFTC, the revision affects national trust banks, which may be permitted to issue payment stablecoins. Under the GENIUS… Read More

February 3, 2026 @ 11:02 am By JD Alois  |  

The stablecoin market has now exceeded $300 billion, according to a Moody’s report. As regulatory clarity has emerged, more traditional financial services and Fintechs are entering the digital dollar game. At the end of 2025, the report states that settlement volumes had increased by 87% to… Read More

January 7, 2026 @ 12:28 pm By JD Alois  |  

We need banking services; we just don’t necessarily need banks.  The advent of digital assets and the potential for disintermediation pose both threats and opportunities for traditional banks. Stablecoins may upend traditional financial rails, and the GENIUS Act provided a federal path for firms to… Read More

December 17, 2025 @ 10:16 am By JD Alois  |  

The GENIUS Act, signed into law last July, legalized payment stablecoins as issued by regulated financial services firms. This includes traditional banks, with many poised to move into the new form of value transfer and payments. Yesterday, the Federal Deposit Insurance Corporation (FDIC) issued a… Read More

December 14, 2025 @ 4:35 pm By Omar Faridi  |  

Global Dollar Network (GDN) announced that it has grown to over 100 partners and its USD-backed stablecoin, Global Dollar (USDG), surpassed a market cap of $1 billion. This supports the aim to form a more open, enterprise-grade digital dollar ecosystem—supporting real-world financial use cases. As… Read More

November 26, 2025 @ 4:34 pm By JD Alois  |  

Klarna (NYSE:KLAR), a European Fintech that operates in the US, is planning to launch a dollar-based stablecoin. Klarna, best known for credit and payments, said it would be issuing KlarnaUSD using Stripe’s stablecoin infrastructure, “Open Issuance,” which is powered by Bridge. The stablecoin is currently… Read More

November 13, 2025 @ 10:32 am By JD Alois  |  

In comments delivered today at the Treasury Market Conference, held at the Federal Reserve Bank in New York, Secretary of the Treasury Scott Bessent speculated about the looming growth of the stablecoin market. “Payment Stablecoins,” as defined under the GENIUS Act, are expected to boost… Read More

October 6, 2025 @ 4:59 pm By JD Alois  |  

While the United States has turned away from the concept of a retail central bank digital currency (CBDC), other jurisdictions, such as Europe and China, have embraced it. As has been reported, a digital Euro is in the works with the European Central Bank (ECB)… Read More

September 30, 2025 @ 1:25 pm By JD Alois  |  

Stablecoins can be viewed as a new form of payments. Transfers can be instantaneous, secure, and at a very low cost. As firms that offer stablecoins must hold reserves in safe assets, such as US Treasuries, these funds are generating interest. Yet, stablecoin issuers are… Read More