⚖️Not legal advice. This page is informational only. Always verify against primary sources and consult qualified legal counsel before relying on this information.
United States
GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act)
PassedRegulator(s): OCC, Federal Reserve, FDIC, Treasury / FinCEN / OFAC, State regulators (substantially-similar regimes)Next review: 2026-07-20
Federal framework for 'permitted payment stablecoin issuers' — bank subsidiaries, OCC-chartered nonbanks, or state-regulated issuers under substantially-similar regimes.
Enacted 18 Jul 2025. Implementation rulemaking in progress: OCC proposed rule 2 Mar 2026; FinCEN/OFAC AML/sanctions NPRM; Treasury state-regime NPRM Apr 2026. Statutory rulemaking deadline 18 Jul 2026. Act effective earlier of 18 Jan 2027 or 120 days after final regs.
📋 Key Requirements
| Reserves | 1:1 backing in cash, insured deposits, short-term Treasuries, and similar HQLA; monthly reserve disclosure |
|---|---|
| Redemption | Timely redemption at par; clear redemption policy required |
| Capital | Prudential standards per primary federal/state regulator; issuance restricted to permitted issuers |
| Attestation | Monthly certifications by CEO/CFO; examinations by primary regulator; AML/BSA program required |
| Licensing | Federal (OCC) or qualifying state pathway; unpermitted issuance prohibited after effective date |
📅 Timeline & Upcoming Deadlines
- 2026-04
Treasury NPRM on 'substantially similar' state regimes (comments due 2 Jun 2026); FinCEN/OFAC joint AML/sanctions NPRM
primary
🏛️ Licensed / Approved Issuers
No licensed issuers recorded yet.
📚 Primary & Secondary Sources
- https://www.federalregister.gov/documents/2026/03/02/2026-04089/implementing-the-guiding-and-establishing-national-innovation-for-us-stablecoins-act-for-the
- https://home.treasury.gov/news/press-releases/sb0435
- https://www.chapman.com/publication-genius-act-rulemaking-tracker
- https://www.occ.gov/news-issuances/bulletins/2026/bulletin-2026-3.html