GENIUS Act Pushes Stablecoin Compliance Into Banks’ Back Offices

Traditional financial institutions and companies seeking permission to issue payment stablecoins are redesigning their compliance systems as regulators move to implement the GENIUS Act . The work extends beyond ensuring that tokens are fully backed. Banks, credit unions, cryptocurrency-native businesses and other prospective issuers must determine which regulator will supervise tokens , upgrade wallet-level monitoring and prepare for a payment system in which software and artificial intelligence