Understanding the GENIUS Act

Last month, ICBA’s legislative team conducted a community bank briefing to help familiarize community banks with the ins and outs of the recently passed GENIUS Act, which introduced a regulatory framework for payment stablecoins. The briefing covered a broad overview of the digital asset ecosystem, defined stablecoins and explained the key requirements and limitations defined in the GENIUS Act. The team also shared multiple ways banks can engage with payment stablecoins and a list of some of the uncertainties and risks to watch for.

The ICBA legislative team has been heavily involved for years in shaping the conversation around stablecoin and cryptocurrency legislation. With the passing of the GENIUS Act, they have provided several helpful resources for community banks:

• A blog from ICBA President and CEO Rebeca Romero Rainey on the legislative work done to bring the GENIUS Act to fruition

• A summary of the GENIUS Act for community banks

• A complimentary community bank briefing held on August 7, 2025

If you missed the Aug. 7, 2025, briefing, you can watch it on demand. Register here.

The Department of the Treasury issued a request for comment on the GENIUS Act. Submit your comments by the October 17 deadline.