The STABLE and GENIUS Acts are bipartisan bills to regulate U.S. payment stablecoins. They clarify rules, set reserve and disclosure standards, and empower federal and state regulators. The STABLE Act favors strong federal control and bans interest on stablecoins, while the GENIUS Act allows more state flexibility and less FinCEN involvement. If passed, they would form the foundation for modern digital asset regulation in the U.S., balancing traditional finance with innovation.
Q1: What is a major difference in how the STABLE and GENIUS Acts approach interest on stablecoins?
A1: STABLE bans interest; GENIUS is silent
Q2: What does the STABLE Act say about stablecoins issued by foreign entities?
A2: They are allowed with equivalent regulation + U.S. oversight
Q3: Which of the following is true about reserve disclosure requirements?
A3: Monthly public reports + third-party audits + executive attestation
Q4: How often must state regulators recertify their frameworks under the GENIUS Act?
A4: Annually
