GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins)

Signed into law July 18, 2025. Establishes a federal licensing and regulatory regime for payment stablecoin issuers. Requires 1:1 reserves backing, mandates monthly reserve disclosures, and clarifies that stablecoins are not securities. Requires Bank Secrecy Act compliance and federal auditing of reserve assets. A landmark win for regulated stablecoin innovation in the United States.