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ARTICLE · 26 MAY 2025

The GENIUS Act: A Long Overdue Framework For Blockchain-Era Banking

Gesmer Updegrove LLP
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The recent Senate vote to advance the GENIUS Act—a bipartisan bill to regulate stablecoins—is more than just another milestone in crypto policy. It represents a long-overdue recognition that fiat-backed...

United StatesTechnology
Braeden Anderson
Braeden Anderson

The recent Senate vote to advance the GENIUS Act—a bipartisan bill to regulate stablecoins—is more than just another milestone in crypto policy. It represents a long-overdue recognition that fiat-backed digital dollars are not speculative assets; they are infrastructure.

At Anderson P.C., we strongly support the GENIUS Act and believe it lays the foundation for a safer, more credible, and ultimately more competitive U.S. digital economy.

Why the GENIUS Act Matters

The GENIUS Act aims to introduce federal guardrails for stablecoins—digital assets that maintain a 1:1 peg to the U.S. dollar or other fiat currencies. Its key provisions include:

  • Reserve requirements to ensure that stablecoins are fully backed.

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