Jul 19, 2025

💳Trump enacts GENIUS Act to regulate U.S. dollar stablecoins

Economy

Technology & Innovation

On July 17, 2025, President Trump signed the GENIUS Act into law, creating the first comprehensive federal framework for U.S. dollar–pegged stablecoins. The law mandates reserve disclosures, annual audits for large issuers, and sets new dual-supervision rules for banks and fintech firms. It aims to boost consumer confidence but shifts oversight dynamics between the Treasury, Federal Reserve, and private issuers.

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Why This Matters

Consumer safeguards:

Stablecoin issuers must publicly disclose reserve holdings.

Deposit risks:

Banks warn trillions could migrate to uninsured crypto reserves.

Payment innovation:

Faster, lower-cost transactions may reshape remittances and e-commerce.

Regulatory clarity:

Citizens gain insight into new financial products under federal oversight.

Political influence:

Crypto industry stakeholders can lobby for future rule changes.

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💳Trump enacts GENIUS Act to regulate U.S. dollar stablecoins

Review Topic

Key Takeaways

Influential Figures

Why This Matters

Consumer safeguards:

Deposit risks:

Payment innovation:

Regulatory clarity:

Political influence:

What Others Are Asking

No Questions Yet

Detailed Content

Group the following under the appropriate category as either a consumer safeguard, a deposit risk, or a payment innovation: A) Faster, lower-cost transactions B) Public reserve disclosures C) Risk of migration to uninsured crypto reserves

On ___ (blank_1), S.1582 was introduced in the Senate; on ___ (blank_2) the Senate passed the Act; on ___ (blank_3) the House approved the Act; and on ___ (blank_4) the President signed it into law.

Match each individual or entity with its role in the context of the GENIUS Act.

Which two types of institutions are subject to the GENIUS Act’s dual-supervision rules for stablecoin issuers?

Banks have warned that under the GENIUS Act, ______ could migrate to uninsured crypto reserves.

Which of the following is NOT an aim of the GENIUS Act?

What reserve requirement does the GENIUS Act mandate for U.S. dollar–pegged stablecoin issuers?

Under the GENIUS Act, issuers with consolidated stablecoin holdings above which threshold face primary federal supervision?

Which agencies are designated to supervise large stablecoin issuers under the GENIUS Act?

Which benefit of the GENIUS Act is highlighted in discussions about remittances and e-commerce?

Order the following milestones of the GENIUS Act as On July occurred:

Scenario: As a consumer using a U.S. dollar–pegged stablecoin regulated under the GENIUS Act, which provision would most directly assure you that the tokens are backed by real assets?

What is one potential risk traditional banks highlight regarding the implementation of the GENIUS Act?

The GENIUS Act requires stablecoin issuers to publicly disclose their reserve holdings.

The GENIUS Act requires annual audits for all stablecoin issuers, regardless of size.

Under the GENIUS Act, the SEC retains primary oversight of payment stablecoins.

Issuers are required to publicly disclose their reserve compositions on a monthly basis under the GENIUS Act.