GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) signed by President Trump Jul 18, 2025 — effective Jan 18, 2027 or 120 days after final rules, whichever first*
- *Fed Board Sep 24 2026 releases 2 proposals implementing GENIUS for Fed-supervised issuers — unanimous vote — 60 days comment after Federal Register* $QI $PHA $ARK
- *1: reserve + capital:* *must fully back 1:1 with cash, bank deposits, short-term US Treasurys + liquid — operational-risk capital 2% first $20B outstanding, 1.5% next $30B, 1% above $50B + credit risk charge — redemptions within 2 business days — if reserves <1:1 notify Fed + remediation or liquidate + redeem — monthly reports outstanding + reserve composition examined by registered accounting firm + CEO/CFO cert*
- *2: application process for Fed-supervised state member banks to issue payment stablecoins via subsidiaries — business plan + financials — decision within 120 days — appeals/hearings process*
- *Gov Michael Barr (not Michelle):* *backed proposal but warned:* *"Stablecoins will only be stable if they can be reliably and promptly redeemed at par in range of conditions, including during market stress" — says need clearer universal redemption rights + interest rate / FX risk + AML gap — concerned "significant or systemic" threshold for AML enforcement limits Fed ability to act*
- *Context:* *stablecoin mkt ∼$300B — OCC + FDIC + Treasury also drafting GENIUS rules — Treasury says Jan 18 2027 expected*
*BREAKING 🚨 Fed Sep 24 proposes GENIUS Act implementation — 2 proposals Fed-supervised stablecoin issuers must back 1:1 cash/short T-bills — capital 2% <$20B 1.5% $20-50B 1% >$50B — redemption 2 biz days notify + remediate if depeg 🏦 Monthly audited reports CEO/CFO cert — banks apply to issue via sub 120d decision — Gov Michael Barr: must be redeemable at par under stress 60d comment — law effective Jan 18 2027 📈*#QNTRises39% #BitgetBreachForgedRequestsNotStolenKeys #BitcoinSpotETFsTurnNetPositiveYTD
- *Fed Board Sep 24 2026 releases 2 proposals implementing GENIUS for Fed-supervised issuers — unanimous vote — 60 days comment after Federal Register* $QI $PHA $ARK
- *1: reserve + capital:* *must fully back 1:1 with cash, bank deposits, short-term US Treasurys + liquid — operational-risk capital 2% first $20B outstanding, 1.5% next $30B, 1% above $50B + credit risk charge — redemptions within 2 business days — if reserves <1:1 notify Fed + remediation or liquidate + redeem — monthly reports outstanding + reserve composition examined by registered accounting firm + CEO/CFO cert*
- *2: application process for Fed-supervised state member banks to issue payment stablecoins via subsidiaries — business plan + financials — decision within 120 days — appeals/hearings process*
- *Gov Michael Barr (not Michelle):* *backed proposal but warned:* *"Stablecoins will only be stable if they can be reliably and promptly redeemed at par in range of conditions, including during market stress" — says need clearer universal redemption rights + interest rate / FX risk + AML gap — concerned "significant or systemic" threshold for AML enforcement limits Fed ability to act*
- *Context:* *stablecoin mkt ∼$300B — OCC + FDIC + Treasury also drafting GENIUS rules — Treasury says Jan 18 2027 expected*
*BREAKING 🚨 Fed Sep 24 proposes GENIUS Act implementation — 2 proposals Fed-supervised stablecoin issuers must back 1:1 cash/short T-bills — capital 2% <$20B 1.5% $20-50B 1% >$50B — redemption 2 biz days notify + remediate if depeg 🏦 Monthly audited reports CEO/CFO cert — banks apply to issue via sub 120d decision — Gov Michael Barr: must be redeemable at par under stress 60d comment — law effective Jan 18 2027 📈*#QNTRises39% #BitgetBreachForgedRequestsNotStolenKeys #BitcoinSpotETFsTurnNetPositiveYTD
