As of · Retrieved Tuesday, September 22, 2026 (PT)
Regulation · US
United States — stablecoins, agencies & market structure
Educational snapshot as of Sep 2026 PT. Not legal advice.
GENIUS Act (payment stablecoins)
Enacted July 18, 2025. Core ideas include 1:1 high-quality reserves, AML/CFT obligations, attestations, and a permitted-issuer concept. As of Sep 2026, agencies are still writing implementing rules (OCC NPRM on reserves; Treasury AML proposals). Foreign issuer timelines remain debated in industry press.
Market structure / CLARITY
H.R. 3633 Digital Asset Market Clarity Act was tracked in the 119th Congress. Sep 2026 reporting indicated Senate cloture failure—not enacted as of the research date. Spot crypto market structure remains partially clarified (stables) and still fragmented (other tokens). SEC and CFTC continue agency-level approaches.
Other hooks
- BTC/ETH spot ETF lane already reshaped institutional access
- State money-transmitter / BitLicense overlays still relevant
- Policy environment hostile to retail CBDC (trackers cite EO 14178)