Journal Article
Federal Reserve: Stablecoins and Financial Stability
Abstract: Signed into law in July 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act was a huge step forward for the cryptocurrency industry. The bipartisan legislation marked the federal government's first effort at creating a regulatory framework for cryptocurrencies and signaled that crypto had finally achieved a status and size worthy of the government's attention.
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https://www.richmondfed.org/-/media/RichmondFedOrg/publications/research/econ_focus/2025/q4/federal_reserve.pdf
Description: Journal Article
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Provider: Federal Reserve Bank of Richmond
Part of Series: Econ Focus
Publication Date: 2025-12-16
Volume: 25
Issue: 4Q
Pages: 14-17