The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act establishes the first comprehensive federal regulatory framework for payment stablecoins in the United States. Enacted on July 18, 2025, the law aims to ensure consumer protection, financial stability, and transparency in the rapidly growing digital asset sector by regulating entities that issue or sell payment stablecoins — defined as digital assets that is, or is designed to be, used as a means of payment or settlement.
Scope and impact