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#GENIUS Act

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U.S. Senators Push Treasury to Preserve State Oversight in GENIUS Act Stablecoin Rules

U.S. Senators Push Treasury to Preserve State Oversight in GENIUS Act Stablecoin Rules

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A bipartisan group of U.S. senators is pressing Treasury Secretary Scott Bessent to keep state regulators meaningfully involved as the U.S. writes the rules for stablecoins under the GENIUS Act fight. The fight now is not whether stablecoins get regulated — they will — but whether states get a real lane or just a decorative […]

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Lummis-Led Senators Pressure Treasury for Clear GENIUS Act Stablecoin Rules

Lummis-Led Senators Pressure Treasury for Clear GENIUS Act Stablecoin Rules

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A bipartisan group of U.S. senators is pressing the Treasury Department to spell out how states can qualify for stablecoin oversight under the GENIUS Act. Cynthia Lummis leads bipartisan push for clearer Treasury guidance States say the rules are too vague to prove they’re “substantially similar” Certification process, timelines, and procedures are still missing Federal […]

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State Street Launches Stablecoin Reserve Fund as Wall Street Races Into Digital Dollars

State Street Launches Stablecoin Reserve Fund as Wall Street Races Into Digital Dollars

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State Street is launching a stablecoin reserve fund built for the new U.S. rulebook, signaling that traditional finance is moving fast to own the plumbing behind digital dollars. New product: State Street Stablecoin Reserves Money Market Fund Structure: Registered Rule 2a-7 government money market fund Regulatory driver: Designed for GENIUS Act stablecoin reserve requirements Backers: […]

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Paradigm, Hyperliquid Urge Treasury to Avoid Crushing DeFi in GENIUS Act Rules

Paradigm, Hyperliquid Urge Treasury to Avoid Crushing DeFi in GENIUS Act Rules

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Hyperliquid Policy Center and Paradigm are warning U.S. regulators not to turn the GENIUS Act’s stablecoin rules into a compliance hammer that smashes DeFi along with the bad actors. Core dispute: AML and sanctions rules for stablecoin issuers Big concern: Don’t hold issuers liable for transactions they can’t control Market risk: Overreach could push liquidity […]

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