GENIUS Act Stablecoin Deadline Missed by US Agencies

US federal agencies have missed a deadline set under the GENIUS Act to deliver reports and guidance related to stablecoin regulation.

The legislation, which aims to establish clearer rules for stablecoin issuers and define the responsibilities of federal regulators, has been delayed due to challenges in coordinating cryptocurrency regulation across multiple US government agencies.

The missed deadline affects work assigned to multiple agencies responsible for developing parts of the new regulatory framework.