Genius Act

It creates the first federal rules for stablecoins in the U.S., requiring issuers to back tokens one-to-one with safe reserves and publish regular disclosures.

The Act was designed to protect consumers and financial stability after concerns that unregulated stablecoins could pose risks to investors and the broader economy.

It gives holders legal protections, including priority claims on reserves if an issuer fails, while making stablecoins more transparent and trustworthy.