GENIUS Act
-
Launching a Stablecoin: Become an Issuer or Partner With One?
Read More: Launching a Stablecoin: Become an Issuer or Partner With One?A payments company planning a branded dollar stablecoin must first determine which legal entity will owe dollars upon redemption. It can become a permitted issuer, assuming substantial regulatory, reserve, reporting, and operational obligations, or partner with an authorized issuer while retaining its brand and customer relationships. White-label agreements should clearly address minting authority, redemption procedures,…
-
Does Your Stablecoin Business Still Need Money Transmitter Licenses?
Read More: Does Your Stablecoin Business Still Need Money Transmitter Licenses?The GENIUS Act introduces a federal framework for payment stablecoins but does not exempt all businesses involved, such as exchanges and wallets, from existing money-transmission regulations. Companies must evaluate their roles in handling stablecoins, including whether they issue stablecoins or perform money transmission and how these activities are regulated federally and by individual states. The…
-
Bo Hines, USAT, and Tether’s U.S. Strategy Under the GENIUS Act
Read More: Bo Hines, USAT, and Tether’s U.S. Strategy Under the GENIUS ActThe content discusses the launch of Tether’s USA₮ under the GENIUS Act and its implications for businesses entering the stablecoin sector. It emphasizes that the legal issuer, Anchorage Digital Bank, differs from Tether, which only provides technology and branding. The article also highlights the importance of understanding regulatory responsibilities, governance, and compliance structure. Bo Hines’s…
-
OCC Finalizes GENIUS Act Rules as Stablecoin Rewards Face Continued Scrutiny
Read More: OCC Finalizes GENIUS Act Rules as Stablecoin Rewards Face Continued ScrutinyThe Office of the Comptroller of the Currency has implemented final regulations under the GENIUS Act, effective January 18, 2027, providing stablecoin businesses with a defined operational framework. It requires issuers to evaluate products and redemption systems against new criteria, particularly concerning rewards programs. The rules eliminate a proposed presumption against certain commercial arrangements and…
-
The GENIUS Act: What Stablecoin Businesses Need to Do Now
Read More: The GENIUS Act: What Stablecoin Businesses Need to Do NowThe GENIUS Act introduces a new federal framework impacting businesses involved with stablecoins. Companies need to reassess their operations to comply with this regulation, considering varied implications depending on specific activities, such as issuing or accepting stablecoins. Key dates include January 18, 2027, when significant regulations take effect, and July 18, 2028, which imposes further…