[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"blog-categories-en":3,"wp-translations":54,"fetchPost-crypto-news\u002Ftrumps-genius-act-en-1":58},[4,14,22,30,38,46],{"id":5,"graphqlId":6,"name":7,"slug":8,"image":9,"uri":10,"count":11,"children":12,"locale":13},49,"dGVybTo0OQ==","Beginner's Guides","beginners-guides",null,"\u002Fcategory\u002Fbeginners-guides\u002F",12,[],"EN",{"id":15,"graphqlId":16,"name":17,"slug":18,"image":9,"uri":19,"count":20,"children":21,"locale":13},1,"dGVybTox","Crypto News","crypto-news","\u002Fcategory\u002Fcrypto-news\u002F",50,[],{"id":23,"graphqlId":24,"name":25,"slug":26,"image":9,"uri":27,"count":28,"children":29,"locale":13},53,"dGVybTo1Mw==","Earning Guides","earning-guides","\u002Fcategory\u002Fearning-guides\u002F",6,[],{"id":31,"graphqlId":32,"name":33,"slug":34,"image":9,"uri":35,"count":36,"children":37,"locale":13},45,"dGVybTo0NQ==","Exchange Guides","exchange-guides","\u002Fcategory\u002Fexchange-guides\u002F",20,[],{"id":39,"graphqlId":40,"name":41,"slug":42,"image":9,"uri":43,"count":44,"children":45,"locale":13},37,"dGVybTozNw==","Top 5","top-5","\u002Fcategory\u002Ftop-5\u002F",24,[],{"id":47,"graphqlId":48,"name":49,"slug":50,"image":9,"uri":51,"count":52,"children":53,"locale":13},57,"dGVybTo1Nw==","Trading Guides","trading-guides","\u002Fcategory\u002Ftrading-guides\u002F",14,[],{"post":55,"docs":57},[13,56],"RU",[13,56],{"type":59,"post":60},"post",{"id":61,"title":62,"slug":63,"uri":64,"date":65,"excerpt":66,"content":67,"postId":68,"language":69,"translations":73,"categories":80,"featuredImage":84,"seo":89},"cG9zdDo4ODc=","Trump’s GENIUS Act Becomes Law: What Changes for Stablecoins","trumps-genius-act","\u002Fcrypto-news\u002Ftrumps-genius-act\u002F","2025-07-24T13:47:19","\u003Cp>The United States has its first nationwide rulebook for dollar‑pegged crypto. President Donald Trump signed the GENIUS Act into law after the House approved it 308–122, cementing a federal framework that forces “payment stablecoin” issuers to hold 100% high‑quality liquid reserves, publish monthly reserve breakdowns, and operate under a new licensing regime.  Legal analysts, markets … \u003Ca class=\"link-more\" href=\"https:\u002F\u002Fybex.io\u002Fcrypto-news\u002Ftrumps-genius-act\u002F\"> Читать далее\u003C\u002Fa>\u003C\u002Fp>\n","\u003Cp>\u003Cspan style=\"font-weight: 400;\">The United States has its first nationwide rulebook for dollar‑pegged crypto. President \u003C\u002Fspan>\u003Cb>Donald Trump signed the GENIUS Act\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> into law after the House approved it \u003C\u002Fspan>\u003Cb>308–122\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">, cementing a federal framework that forces “payment stablecoin” issuers to hold \u003C\u002Fspan>\u003Cb>100% high‑quality liquid reserves\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">, publish \u003C\u002Fspan>\u003Cb>monthly reserve breakdowns\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">, and operate under a new licensing regime. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">Legal analysts, markets reporters and the White House itself framed the legislation as a watershed: it aims to \u003C\u002Fspan>\u003Cb>professionalize the U.S. stablecoin market, channel billions into short‑term Treasuries, and reinforce the dollar’s dominance\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">—while setting a countdown for tokens that don’t comply. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>The five biggest changes at a glance\u003C\u002Fb>\u003C\u002Fh2>\n\u003Col>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>100% liquid‑reserve rule + monthly public disclosures\u003C\u002Fb>\u003Cb>\u003Cbr \u002F>\n\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">Issuers must back tokens 1:1 with cash or short‑term Treasuries and publish the composition monthly, certified by a registered accounting firm.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>New federal license for “permitted payment stablecoin issuers”\u003C\u002Fb>\u003Cb>\u003Cbr \u002F>\n\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">Large players will fall under federal prudential oversight (OCC\u002FFed\u002FFDIC), while \u003C\u002Fspan>\u003Cb>state‑supervised issuers are capped at $10 billion\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> in circulation before they must “graduate” to federal supervision.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Foreign‑issuer gatekeeping\u003C\u002Fb>\u003Cb>\u003Cbr \u002F>\n\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">Non‑U.S. stablecoins can serve Americans \u003C\u002Fspan>\u003Cb>only if\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> the Treasury (with unanimous approval from a new interagency council) deems their home regime “comparable,” they register with the OCC, and they park enough reserves in U.S. institutions to meet redemptions—backed by penalties up to \u003C\u002Fspan>\u003Cb>$1 million per day\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> for willful violations.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>A phased rollout (18 months to 3 years)\u003C\u002Fb>\u003Cb>\u003Cbr \u002F>\n\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">The law takes effect \u003C\u002Fspan>\u003Cb>18 months after enactment or 120 days after final rules are issued\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">, whichever comes first. Within \u003C\u002Fspan>\u003Cb>three years\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">, U.S. platforms must \u003C\u002Fspan>\u003Cb>stop handling non‑compliant stablecoins\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Stablecoins are \u003C\u002Fb>\u003Cb>\u003Ci>not\u003C\u002Fi>\u003C\u002Fb>\u003Cb> securities\u003C\u002Fb>\u003Cb>\u003Cbr \u002F>\n\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">The statute explicitly walls payment stablecoins off from SEC jurisdiction as “securities,” clarifying years of turf wars and pushing prudential oversight to banking regulators.\u003C\u002Fspan>\u003C\u002Fli>\n\u003C\u002Fol>\n\u003Ch2>\u003Cb>“Issuers will want to be banks” — and DeFi still lacks answers\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">As \u003C\u002Fspan>\u003Cb>Cointelegraph\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> reported, attorneys say the GENIUS Act \u003C\u002Fspan>\u003Cb>incentivizes issuers to seek full banking licenses\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">. The bespoke GENIUS license narrows a company’s activities to \u003C\u002Fspan>\u003Ci>\u003Cspan style=\"font-weight: 400;\">only\u003C\u002Fspan>\u003C\u002Fi>\u003Cspan style=\"font-weight: 400;\"> issuing stablecoins—something most big issuers don’t do exclusively today. That could drive them toward bank charters to keep broader business lines intact. At the same time, \u003C\u002Fspan>\u003Cb>DeFi platforms are left in limbo\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">: the bill largely \u003C\u002Fspan>\u003Cb>dodges how decentralized protocols should treat unlicensed or foreign stablecoins\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> that flow through smart contracts. Expect guidance—and enforcement—to evolve.\u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>Market reaction: optimism, rotation—and a compliance scramble\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">Markets mostly welcomed clarity. Business Insider called it the start of a “new era,” with strategists tipping \u003C\u002Fspan>\u003Cb>Bitcoin, Ethereum and Solana\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> as likely beneficiaries thanks to greater on‑chain dollar liquidity and institutional comfort. But law firms warn that \u003C\u002Fspan>\u003Cb>foreign issuers, state‑chartered projects nearing the $10 billion line, and DeFi front‑ends\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> face a heavy compliance lift over the next 18–36 months.\u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>The Fed master‑account question isn’t solved\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">One looming fight: \u003C\u002Fspan>\u003Cb>will stablecoin firms get Federal Reserve master accounts\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> to move dollars directly over Fedwire? The Fed has historically slow‑walked such approvals. The White House touts the Act as dollar‑strengthening, but a conservative Fed could still \u003C\u002Fspan>\u003Cb>bottleneck settlement access\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">, forcing issuers to rely on correspondent banks (and raising their costs).\u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>What about CLARITY and the Anti‑CBDC bill?\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">The GENIUS Act is part of a \u003C\u002Fspan>\u003Cb>three‑bill push\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> dubbed “crypto week” in Washington:\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cul>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>CLARITY Act\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> — would settle the SEC\u002FCFTC turf war for most digital assets.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Anti‑CBDC Surveillance State Act\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> — would bar a Federal Reserve retail CBDC on privacy grounds.\u003C\u002Fspan>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">Both cleared the House but still need Senate action. If passed, they would \u003C\u002Fspan>\u003Cb>lock in a private‑sector digital‑dollar model\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> (stablecoins) over a government CBDC—an explicit policy choice that contrasts with the EU and parts of Asia.\u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>Winners, losers, and open risks\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cb>Likely winners\u003C\u002Fb>\u003C\u002Fp>\n\u003Cul>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Well‑capitalized issuers\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> that can meet Treasuries‑heavy reserve, audit and reporting costs.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Banks & trust companies\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> positioned to custody reserves, run redemption rails, and package compliant products.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Ethereum & L2s\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> that host most dollar‑token flow (and take the settlement volume).\u003C\u002Fspan>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>\u003Cb>Likely losers\u003C\u002Fb>\u003C\u002Fp>\n\u003Cul>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Small or offshore issuers\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> that can’t clear the comparability bar or $10 billion state cap.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Yield‑bearing “stablecoins”\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> — interest‑style products face explicit limits, leveling the field but curbing consumer APY shopping.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>DeFi front‑ends\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> that route non‑compliant tokens after the three‑year transition could become enforcement targets.\u003C\u002Fspan>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>\u003Cb>Open risks\u003C\u002Fb>\u003C\u002Fp>\n\u003Cul>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Regulatory arbitrage\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> if foreign hubs refuse OCC registration or fail the unanimous “comparability” vote.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Fragmentation of liquidity\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> as platforms geofence or delist tokens during the transition window.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Legal challenges\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> over the Act’s scope, especially if agencies stretch “payment stablecoin” definitions.\u003C\u002Fspan>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Ch2>\u003Cb>Timeline you should pin\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cul>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Within 12 months\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">: Agencies (Treasury, Fed, OCC, FDIC) must publish implementing rules.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>After 12 months\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">: Issuers can file for “permitted issuer” status; regulators have \u003C\u002Fspan>\u003Cb>120 days\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> to decide.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>18 months (or 120 days post‑final rules)\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">: Law becomes fully effective.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Three years after enactment\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">: U.S. service providers must \u003C\u002Fspan>\u003Cb>stop handling non‑compliant stablecoins\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">.\u003C\u002Fspan>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Ch2>\u003Cb>Bottom line\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">The \u003C\u002Fspan>\u003Cb>GENIUS Act\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> doesn’t just bless stablecoins—it \u003C\u002Fspan>\u003Cb>banks\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> them. By forcing 100% liquid reserves, continuous disclosures and a bank‑style supervisory perimeter, Washington just told issuers: \u003C\u002Fspan>\u003Ci>\u003Cspan style=\"font-weight: 400;\">act like regulated money companies, or leave the U.S. market\u003C\u002Fspan>\u003C\u002Fi>\u003Cspan style=\"font-weight: 400;\">. Investors get clarity, the dollar gets another distribution rail, and DeFi gets… questions to be answered later.\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">With CLARITY and the Anti‑CBDC bill still in play, the U.S. is sketching a distinctly \u003C\u002Fspan>\u003Cb>private, regulated, dollar‑token future\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">. For stablecoin firms, the countdown to comply has already started. For everyone else, the dollar on‑chain just became more official—and more supervised.\u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch3>\u003Cb>Follow us:\u003C\u002Fb>\u003C\u002Fh3>\n\u003Cp>\u003Ca href=\"http:\u002F\u002Fybex.io\u002F\">\u003Cspan style=\"font-weight: 400;\">Ybex.io\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>\u003Ca href=\"https:\u002F\u002Fx.com\u002FYbex_io\">\u003Cspan style=\"font-weight: 400;\">Twitter\u002FX\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>\u003Ca href=\"http:\u002F\u002Ft.me\u002Fybex_io\">\u003Cspan style=\"font-weight: 400;\">Telegram\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fp>\n",887,{"code":13,"locale":70,"name":71,"slug":72},"en_US","English","en",[74],{"language":75,"slug":63,"status":79},{"code":56,"locale":76,"name":77,"slug":78},"ru_RU","Русский","ru","publish",{"edges":81},[82],{"node":83},{"name":17,"slug":18,"uri":19},{"node":85},{"sourceUrl":86,"altText":87,"title":88},"https:\u002F\u002Fybex.io\u002Fwp-content\u002Fuploads\u002F2025\u002F07\u002Fybex-pics-2025-07-24t163536.609.png","","Ybex pics – 2025-07-24T163536.609",{"canonical":90,"metaDesc":91,"readingTime":92,"opengraphTitle":62,"opengraphUrl":90,"opengraphImage":93,"twitterImage":9,"opengraphDescription":91,"twitterDescription":87,"title":62,"twitterTitle":87,"opengraphType":95,"opengraphPublishedTime":96,"opengraphModifiedTime":97,"breadcrumbs":98},"https:\u002F\u002Fybex.io\u002Fcrypto-news\u002Ftrumps-genius-act\u002F","President Donald Trump has signed the GENIUS Act, the first U.S. federal stablecoin law. It mandates 100% liquid‑reserve backing, monthly public reports.",5,{"sourceUrl":94,"altText":87},"https:\u002F\u002Fybex.io\u002Fwp-content\u002Fuploads\u002F2025\u002F07\u002Fybex-pics-2025-07-24t163536.609-300x169.png","article","2025-07-24T13:47:19+00:00","2025-07-24T13:50:25+00:00",[99,101,103],{"text":100,"relativeUrl":87},"Home",{"text":17,"relativeUrl":102},"\u002Fcrypto-news",{"text":62,"relativeUrl":104},"\u002Fcrypto-news\u002Ftrumps-genius-act"]