GENIUS Act
Plain definition. The GENIUS Act is a U.S. law, signed on July 18, 2025, that sets up rules for regulating payment stablecoins issued in the United States.
Technical definition. The Guiding and Establishing National Innovation for U.S. Stablecoins Act, signed into law as P.L. 119-27, establishes a regime to regulate U.S. payment stablecoins, which it defines as digital assets issued for payment or settlement and redeemable at a predetermined fixed amount. According to the Congressional Research Service, U.S. payment stablecoin issuers, unless they fall under the GENIUS Act’s exceptions, must be approved by a state or federal regulator, and issuers must hold at least one dollar of permitted reserves for every one dollar of stablecoins issued. The law also clarifies that payment stablecoins are not securities or commodities and are not federally insured.
On this site
On this site, GENIUS Act comes up in Can RLUSD always be redeemed for dollars, and what happens to holders if its issuer fails?, What reserves must stablecoins hold under the GENIUS Act? and Is using stablecoins to boost demand for US Treasuries official policy, and does it involve XRP?.
Source
INSIGHTi (congress.gov), read October 1, 2026.