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Bill Breakdown · October 27 · 7 min

Bill Breakdown: The GENIUS Act

Alex and Jordan explain the GENIUS Act, the first federal law for stablecoins, from who may issue them to the one-to-one reserve rules and when the law takes effect. Sources: Bill page (CRS summary): https://www.congress.gov/bill/119th-congress/senate-bill/1582/all-info | Full law text (P.L. 119-27): https://www.congress.gov/119/plaws/publ27/PLAW-119publ27.pdf

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Alex and Jordan explain the GENIUS Act, the first federal law for stablecoins, from who may issue them to the one-to-one reserve rules and when the law takes effect.

Sources: Bill page (CRS summary): https://www.congress.gov/bill/119th-congress/senate-bill/1582/all-info | Full law text (P.L. 119-27): https://www.congress.gov/119/plaws/publ27/PLAW-119publ27.pdf

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