GENIUS Act Deadline Looms as US Regulators Prepare Stablecoin Guidelines

The GENIUS Act implementation deadline is just around the corner, and crypto stocks like Circle (CRCL) and Coinbase (COIN) are likely to feel the impact. The US government has until July 18 to issue guidelines on how the act will be implemented, which could significantly affect the prices of these stocks.

The GENIUS Act was signed into law in July 2025 by President Donald Trump, introducing a regulatory framework for stablecoin issuers. However, Congress gave regulators a year to come up with rules, and that period ends on July 18, 2026. The Federal Reserve, Treasury, and other US financial market regulators will publish their guidelines soon.

Circle's stock price has been dropping due to the ongoing selling, down by 2.84% on July 8 to $63. If the price makes three straight closes below the support of $61, it might move to the February low of $49, according to technical analysis. The RSI reading of 34 suggests that the momentum is favoring bears.