What Is the GENIUS Act? A Guide to U.S. Stablecoin Law
The Block·
60-second summary
The GENIUS Act is a U.S. federal law that establishes a regulatory framework for dollar-backed stablecoins, signed into law on July 18, 2025. The law dictates who can issue payment stablecoins, their backing requirements, redemption procedures, and supervisory regulators.
The GENIUS Act is the U.S. federal law that creates a regulatory framework for dollar-backed stablecoins. Signed into law on July 18, 2025, the law sets rules for who can issue payment stablecoins, what those tokens must be backed by, how holders can redeem them, and which regulators supervise the issuers. It is the first […]