GENIUS
Federal Reserve Moves to Close Stablecoin Loopholes With New Customer ID Rules
The Federal Reserve proposed requiring stablecoin issuers to verify customer identities before account opening or direct token redemption, extending bank-style anti-money laundering standards to stablecoins.
FDIC Advances Stablecoin Oversight Framework Under GENIUS Act With New Prudential Rule Proposal
The FDIC has moved forward with a new GENIUS Act framework outlining how U.S. banks can issue and manage stablecoins, signaling expanded federal oversight of dollar-backed digital assets.
U.S. Treasury Launches First GENIUS Act Rulemaking With 87-Page Proposal
The U.S. Department of the Treasury formally began implementing the Guiding and Establishing National Innovation for the GENIUS Act.
Tether Launches USAT, a Federally Regulated, Dollar-Backed Stablecoin for the U.S. Market
One of the largest private holders of bitcoin, Tether, has formally entered the U.S. regulated stablecoin market with the launch of USA₮, a dollar-backed token issued under America’s new federal stablecoin framework.
US House Passes Motion To Advance CLARITY, GENIUS, And Anti-CBDC Act
The bills aim to define Bitcoin as a commodity, block a Federal Reserve issued CBDC, and regulate stablecoins while protecting decentralized assets.
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