GENIUS Act Awaits Trump’s Signature to Reshape Stablecoin Regulation

President Donald TRUMP is poised to sign the GENIUS Act into law, a landmark bill that will establish federal oversight for stablecoins. The legislation, which passed the House with a 308-122 vote, mandates that stablecoin issuers either obtain banking licenses or operate under new restrictive frameworks.

The Act's provisions will take effect 18 months after enactment, giving regulators like the Treasury and Federal Reserve time to finalize implementation rules. Industry analysts note this could force major restructuring for US-based stablecoin projects, as most currently engage in activities beyond pure issuance.

Market participants anticipate Ripple effects across crypto markets, particularly for dollar-pegged assets and their supporting ecosystems. The regulatory clarity comes as global jurisdictions race to establish frameworks for digital asset innovation.