S. 1582 · SIGNED JULY 18, 2025
Congress wrote the stablecoin rules. The President signed them. The internet did what it always does.
The GENIUS Act created the first federal framework for payment stablecoins in the United States.
It sets rules for permitted issuers, liquid reserve backing, monthly reserve disclosures, redemption, consumer protection and compliance with U.S. financial laws.
THE CULTURAL LAYER
A community meme inspired by the moment America put stablecoins into federal law.
Verified excerpts link directly to the official post or government record.
“The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets… it is pure GENIUS!”OPEN ORIGINAL POST ↗
“Today, I’m introducing the GENIUS Act, legislation that establishes a clear regulatory framework for payment stablecoins.”OPEN ORIGINAL POST ↗
“S. 1582, GENIUS Act, as amended, passed by a vote of 68–30.”OPEN ORIGINAL POST ↗
THE JOURNEY CONTINUES
The U.S. Office of the Comptroller of the Currency has finalized its GENIUS Act regulations for payment stablecoin issuers and related activities under OCC jurisdiction.
The final rule establishes standards for reserve assets, redemption, capital, custody, audits, supervision and risk management. It also covers qualifying foreign issuers and certain stablecoin custody activities conducted by OCC-supervised entities.
S. 1582 enters the Senate.
Passes 68–30.
Passes 308–122.
Becomes Public Law 119–27.
The OCC finalizes its implementation framework.