GENIUS Act

Fidelity Launches Money Market Fund to Manage Stablecoin Reserves Under GENIUS Act

Fidelity is launching a GENIUS Act-compliant money market fund for stablecoin reserve management, days after State Street entered the same...

Anchorage Backs GENIUS AML Rules With Caveats

Anchorage supports the GENIUS Act’s AML requirements but urges targeted changes, warning some provisions could create compliance challenges.

Hyperliquid, Paradigm Seek GENIUS AML Edits

Hyperliquid and Paradigm are urging revisions to the GENIUS Act’s AML provisions, saying current rules may impede innovation and growth.

J.P. Morgan Files for Second Tokenized Money Market Fund on Ethereum

J.P. Morgan filed for a second tokenized money market fund on Ethereum, JLTXX, designed to qualify as a stablecoin reserve asset under the...

BlackRock Pushes OCC to Drop Tokenized Reserve Cap in GENIUS Act Rulemaking

BlackRock urged the OCC to drop a proposed 20% tokenized reserve cap and expand eligible assets for federally chartered stablecoins under...

Tillis and Alsobrooks Strike Stablecoin Yield Deal, Reviving CLARITY Act Push

Senators resolve the stablecoin yield impasse blocking the CLARITY Act, drawing a line between banned interest payments and permitted...

US Banks Have Three Days Left to Shape GENIUS Act Rules

OCC comment deadline on GENIUS Act stablecoin rules is May 1.

Morgan Stanley Launches Government Money Market Fund Built for Stablecoin Reserve Management

Morgan Stanley Investment Management has launched a government money market fund built specifically for stablecoin reserve management,...

Banks Seek More Time on GENIUS Act Rules

Banks want more time to comment on GENIUS Act stablecoin rules.

Crypto and Banks Clash Again Over Senate Stablecoin Draft

Senate stablecoin draft draws fresh clashes between banks and crypto