The U.S. Congress has passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The legislation introduces the first federal regulatory framework for payment stablecoins, addressing consumer protection, financial stability and AML compliance. Partners Mark Chorazak, Alexander Drylewski, Alessio Evangelista, Stuart Levi, Daniel Michael and Michael Reed, counsel Wendy Goldberg and associates Nate Balk and Melissa Dorow discuss the GENIUS Act's key provisions and requirements.
U.S. Establishes First Federal Regulatory Framework for Stablecoins
Wall Street Lawyer