GENIUS Act Misses One-Year Rulemaking Deadline as Fed Chair Warsh Pushes Full Enactment

The GENIUS Act is reshaping US stablecoin oversight, pushing issuers toward bank-like compliance while regulators and industry players race to meet rolling deadlines.

US regulators failed to meet the GENIUS Act's one-year deadline for finalizing stablecoin rules, compressing the implementation window for bank-integrated stablecoin infrastructure. Fed Chair Kevin Warsh separately ordered full enactment of the GENIUS Act. The GENIUS Act also mandates that stablecoin reserves flow into US Treasury debt instruments.