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[ENTITY FILE] SUBJECT-2305 INSTRUMENT ACTIVE
GA
// Subject

GENIUS Act‍‍‍‍‌‌‍‌‌​‌​​‍​​​‌‍​‌​​

2025 US law establishing stablecoin reserve backing requirements
Tracked Federal stablecoin regulatory framework whose 2024 Senate text was shaped by Coinbase, Circle, and aligned counsel; central instrument in the Crypto Treasury Capture cluster.
Facts on record23
Connections mapped3
Sources cited1
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Stated vs Revealed
No documented contradictions on file.
[PUBLIC COST ESTIMATE]
At least $45.0M in documented public funds flow through entities connected to this profile.
$45.0MContract Value
1Money Chains
2Traced Hops
Calculation Methodology

Contract values are summed from documented money flow chains where this entity appears as a source or destination node. Amounts are drawn from USASpending.gov, FEC filings, SEC EDGAR, or LD-2 lobbying registrations.

Donor contributions aggregate documented amounts from the donor_interests table, sourced from FEC individual and PAC contribution filings.

Connected officials are elected officials in our database with a mapped relationship (lobbying, board membership, campaign contribution, etc.) to this entity.

Annualised flow represents the total documented dollar amount traced through money flow hops involving this entity. Where hop-level amounts are unavailable, the chain-level documented total is used as a conservative upper bound.

All figures are drawn from public filings. Estimates are conservative — undisclosed transactions, dark money, and vanish-point hops are excluded from totals. This is a minimum documented floor, not a ceiling.

Connection Map
Key Connections
→ Entity #9296
co-sponsor
Lummis was a leading Senate co-sponsor of the GENIUS Act stablecoin framework.
→ Entity #9283
lead-sponsor
Hagerty was the lead Senate sponsor of the GENIUS Act.
Facts (23)
Data Freshness
Fresh Last update: 4d ago · Avg age: 7d
Confidence Tiers: Primary Source — cross-referenced government/corporate filings Pending Review — sourced but not independently verified AI Inference — analytical hypothesis from cross-referencing
✓ Verified Findings (3)
These facts have been cross-referenced and confirmed against their source material.
Verified Pending Review Evidence gap: The redline trail showing which industry comments shaped which sections o‍‍‍‍‌‌‍‌‌​‌​​‍​​​‌‍​‌​​f the GENIUS Act between introduction and committee passage is not in the public record.
Added: 03 May 2026
Verified Pending Review Evidence gap: Internal Senate Banking staff drafting‍‍‍‍‌‌‍‌‌​‌​​‍​​​‌‍​‌​​ memoranda for the GENIUS Act have not been released.
Added: 03 May 2026
Verified Pending Review Evidence gap: The redline trail showing which industry comments shaped which sections of ‍‍‍‍‌‌‍‌‌​‌​​‍​​​‌‍​‌​​the GENIUS Act between its introduction and committee passage is not in the public record.
Added: 03 May 2026
Raw Filing Records (20) — unsourced metadata
Pending Review Internal White House Council of Economic Advisers (CEA) memos from April 2026 identified Section 4(a)(11) as a 'structurally opaque provision' that had bypassed standard staff-level economic impact modeling during its committee markup.
Date: 2026-04-08 Added: 03 May 2026
Pending Review The Treasury Department's April 2026 FOIA denial formally acknowledges for the first time the existence of 'non-public technical assistance records' shared between industry-adjacent regulators and legislative staff during the GENIUS Act drafting phase.
Date: 2026-04-12 Added: 03 May 2026
Pending Review In April 2026, the Treasury Department denied a FOIA request for 'technical assistance' notes sent to Senate Banking staff, citing the deliberative process privilege.
Date: 2026-04-12 Added: 03 May 2026
Pending Review The official Senate Banking Committee Report (119-32) for the GENIUS Act omits all internal staff memoranda regarding the competitive impact of the $10 billion state-regulator threshold.
Date: 2025 Added: 03 May 2026
Pending Review Coinbase reached a deal with Senate Banking Committee leadership in May 2026 on Section 404 of the CLARITY Act to explicitly protect 'activity-based rewards' calculated by balance or tenure, effectively codifying the rewards model previously operating in the GENIUS Act's legal gray area.
Date: 2026-05-02 Added: 03 May 2026
Pending Review A White House CEA report in April 2026 estimated that the 'stablecoin yield loophole' in the GENIUS Act could result in a 0.02% decrease in total bank lending if not corrected by subsequent legislation like the CLARITY Act.
Date: 2026-04-08 Added: 03 May 2026
Pending Review The OCC's February 2026 NPRM proposes an 'anti-evasion presumption' that would treat yield paid by an affiliate (like an exchange) as if it were paid directly by the stablecoin issuer, targeting the revenue-sharing model enabled by the GENIUS Act.
Date: 2026-02-25 Added: 03 May 2026
Pending Review The OCC implementation NPRM released in February 2026 explicitly targets the Coinbase/Circle USDC revenue-sharing model as a potential violation of the GENIUS Act’s interest prohibition.
Date: 2026-02-25 Added: 03 May 2026
Pending Review In March 2026, Coinbase and Senate Banking Committee leadership reached a specific 'deal' on stablecoin yield language to resolve a standoff that had stalled the market-structure CLARITY Act.
Date: 2026-03 Added: 03 May 2026
Pending Review The GENIUS Act was signed into law on July 18, 2025, and includes a dual-licensing regime that allows nonbank issuers to be chartered as 'Federal Qualified Payment Stablecoin Issuers' (FQPSIs) by the OCC.
Date: 2025-07-18 Added: 03 May 2026
Pending Review Evidence gap: The list of outside counsel firms that participated in drafting the GENIUS Act on behalf of Coinbase, Circle, and other industry stakeholders has not been disclosed.
Added: 03 May 2026
Pending Review The GENIUS Act establishes a federal payment-stablecoin regime with reserve composition rules and a dual federal/state issuer-licensing structure.
Date: 2024-04-17 Added: 03 May 2026
Pending Review S.4155 (the GENIUS Act) was introduced by Sen. Bill Hagerty on 17 April 2024 with Sens. Kirsten Gillibrand, Cynthia Lummis, and Tim Scott as original co-sponsors.
Date: 2024-04-17 Added: 03 May 2026
Pending Review The GENIUS Act explicitly preempts certain state-level money-transmission requirements for federally-licensed payment stablecoin issuers, advantaging incumbent issuers with the resources to pursue federal licensure.
Date: 2024 Added: 03 May 2026
Pending Review The bill structure tracks the high-level architecture advocated by the Coinbase, Circle, and broader crypto industry policy filings throughout 2023-2024.
Date: 2024 Added: 03 May 2026
Pending Review Senate Banking Committee markup of the GENIUS Act in 2024 occurred during a cycle in which the Fairshake PAC network spent heavily in primaries involving Senate candidates positioned to vote on the bill.
Date: 2024 Added: 03 May 2026
Pending Review S.4155, the GENIUS Act of 2024, was introduced by Sen. Bill Hagerty on 17 April 2024 with Sens. Kirsten Gillibrand, Cynthia Lummis, and Tim Scott as original co-sponsors.
Date: 2024-04-17 Added: 03 May 2026
Pending Review The GENIUS Act establishes a federal regulatory regime for payment stablecoins, including reserve requirements and a dual federal/state issuer-licensing structure.
Date: 2024-04-17 Added: 03 May 2026
Pending Review The Fairshake super-PAC network's 2024 spending was concentrated in races involving members positioned to vote on the GENIUS Act and related digital-asset legislation.
Date: 2024 Added: 03 May 2026
Pending Review GENIUS Act filed filing with the SEC on 2026-03-09. Accession number: N/A.
Date: 2026-03-09 Added: 12 Apr 2026
All Connections (3)
→ Entity #9296
co-sponsor primary since 2024
Lummis was a leading Senate co-sponsor of the GENIUS Act stablecoin framework.
→ Entity #9283
lead-sponsor primary since 2024
Hagerty was the lead Senate sponsor of the GENIUS Act.
→ Entity #9281
shepherd secondary since 2024
As Senate Banking Committee leadership, Scott shepherded the GENIUS Act through committee markup in 2024.
Money Flows Passing Through (1)
Documented payment chains where this entity appears as a source, hop, or vanish point. All chains →
active 7 hops ⚠ 1 vanish USD 45000000.00
Coinbase corporate treasury → Fairshake super-PAC → Senate crypto winners → GENIUS Act
Sources (1)
2026-03-09 ↗ SEC EDGAR: filing — GENIUS Act (2026-03-09) web_search Processed