Digital Assets and the Genius Act: How Banks Can Prepare

The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act established federal rules for payment stablecoins, laying the foundations for secure, efficient, and transparent digital transactions. This new regulatory framework changes how banks and nonbanks can engage with stablecoins and promises to reshape global finance and how the world views money.

Banks have choices to make; doing nothing may not be an option in a financial ecosystem where digital assets are a…