GENIUS Act — US payment stablecoin law · vGENIUS Act (Pub. L. 119-27,…
GENIUS Act — US payment stablecoin law
GENIUS Act — US payment stablecoin law — 83% of in-scope requirements covered.
10 requirements · 6 in scope (4 enforced · 2 designed) · 4 out-of-scope (outside KYE™’s authority layer). The 83% is weighted over the in-scope base.
Source: Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS Act, Pub. L. 119-27) — the first enacted US federal law governing payment stablecoins and their issuers. Prudential-regulator implementing rulemakings are in process against a July 2026 deadline.
By category
| Category | Reqs | Enforced | Designed | Advisory | Deferred | Coverage |
|---|---|---|---|---|---|---|
| Issuer authorisation, prudential supervision & charter (federal/state) | 2 | 0 | 0 | 0 | 0 | 0% |
| Marketing & holder-protection restrictions | 1 | 0 | 1 | 0 | 0 | 50% |
| BSA / AML obligations of a permitted payment stablecoin issuer (issuer is a financial institution) | 3 | 3 | 0 | 0 | 0 | 100% |
| Reserve backing, redemption at par & monthly disclosure | 4 | 1 | 1 | 0 | 0 | 75% |
Every requirement → the KYE™ artefact that enforces it
| ID | Title | Status | KYE™ enforcement |
|---|---|---|---|
genius.auth.permitted-issuer |
§3–§5 — Only a permitted payment stablecoin issuer (a federal-qualified or state-qualified issuer approved by the relevant prudential regulator) may issue a payment stablecoin in the US | out-of-scope | constitution_refs: constitution/26-COMMERCIAL.md |
genius.supervision.examination |
§5 — Permitted issuers are subject to ongoing prudential supervision, examination and capital/liquidity standards set by the primary federal/state regulator | out-of-scope | constitution_refs: constitution/26-COMMERCIAL.md |
genius.marketing.no-misleading |
§4 — Issuers do not market a payment stablecoin in a way that falsely suggests it is legal tender, government-issued, or federally insured | designed | audit_events: kye.purpose.admissibility.v1, kye.evidence.decision_map.v1engines: internal, internalrule_packs: kye:rule-pack:financial-servicesconstitution_refs: constitution/12-PURPOSE-PERMISSION.md |
genius.bsa.aml-program |
§4 — A permitted payment stablecoin issuer is a financial institution for Bank Secrecy Act purposes and maintains an effective AML / sanctions-compliance program | enforced | audit_events: kye.purpose.admissibility.v1, kye.evidence.decision_map.v1engines: internal, internalrule_packs: kye:rule-pack:aml-financial-crimesconstitution_refs: constitution/12-PURPOSE-PERMISSION.md |
genius.bsa.sanctions-screening |
§4 — Issuer has the technological capability to comply with lawful orders, including to seize, freeze, burn, or prevent transfer of stablecoins (sanctions / lawful-order capability) | enforced | audit_events: kye.purpose.admissibility.v1, kye.evidence.decision_map.v1engines: internal, internalrule_packs: kye:rule-pack:aml-financial-crimesconstitution_refs: constitution/12-PURPOSE-PERMISSION.md |
genius.bsa.recordkeeping |
§4 — Issuer maintains BSA-grade records of stablecoin transactions and produces them on lawful request | enforced | audit_events: kye.audit.event.v1, kye.evidence.pack.v1engines: internal, internalconstitution_refs: constitution/30-AUDIT-WORM-RETENTION.md |
genius.reserve.1to1 |
§4 — Permitted payment stablecoin issuers maintain reserves backing outstanding stablecoins on at least a 1:1 basis in identified high-quality liquid assets | out-of-scope | constitution_refs: constitution/26-COMMERCIAL.md |
genius.redemption.par |
§4 — Issuers establish clear, public redemption policies and redeem outstanding payment stablecoins at par on demand | enforced | audit_events: kye.evidence.decision_map.v1, kye.purpose.admissibility.v1engines: internal, internalrule_packs: kye:rule-pack:financial-servicesconstitution_refs: constitution/12-PURPOSE-PERMISSION.md |
genius.disclosure.monthly |
§4 — Issuers publish the monthly composition of reserves, with an examination by a registered public accounting firm, and the CEO/CFO certify the disclosure | designed | audit_events: kye.compliance.attestation.v1, kye.evidence.pack.v1engines: internal, internalconstitution_refs: constitution/30-AUDIT-WORM-RETENTION.md, constitution/13-RESILIENCE-LOOP.md |
genius.no-yield |
§4 — Permitted payment stablecoin issuers do not pay interest or yield to holders for merely holding the stablecoin | out-of-scope | constitution_refs: constitution/26-COMMERCIAL.md |