Stablecoin Regulation in the United States: Banking Associations and the GENIUS Act
With the GENIUS Act now in force, stablecoin regulation in the United States has moved from policy debate to statutory implementation. The Act establishes a federal framework governing payment stablecoins, including rules on issuer eligibility, reserve composition, redemption rights, and supervisory oversight. Its structure reflects a long-standing regulatory preference for embedding money-like instruments within the […]