The U.S. Congress recently approved the , which establishes a regulatory framework for stablecoins. The bill mandates that stablecoin issuers collateralise tokens with liquid assets, including U.S. dollars and treasury bills. It also requires that the reserve composition be disclosed publicly on a monthly basis. The bill is currently awaiting signature by President Donald Trump.
The GENIUS Act had bipartisan backing and was hailed, along with other crypto-related bills enacted by the House, such as the . The latter aims to explain regulatory oversight over cryptocurrencies and when tokens can be classified as securities or commodities. In response to concerns about privacy, another measure blocks the implementation of a central bank digital currency by the Federal Reserve.
The enactment of these bills represents an important milestone in U.S. digital asset legislation, which lawmakers seek to unlock the safe integration of stablecoins into the larger financial sector. The regulatory transparency will promote responsible innovation while safeguarding consumers and maintaining financial stability.
With stablecoins gaining more traction in the mainstream market, U.S. banking giants are adjusting their strategies, striking a balance between innovative solutions and risk management to secure their place in the evolving payment landscape.
