Recent events
2026-05-02
Stated positions
SECONDARY
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…
2026-04-12
Other facts
PRIMARY
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…
2026-04-12
Other facts
PRIMARY
In April 2026, the Treasury Department denied a FOIA request for 'technical assistance' notes sent to Senate Banking staff, citing the deliberative process privilege.
2026-04-08
Other facts
PRIMARY
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…
2026-04-08
Stated positions
SECONDARY
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…
2026-03-09
Other facts
SECONDARY
GENIUS Act filed filing with the SEC on 2026-03-09. Accession number: N/A.
2026-02-25
Other facts
PRIMARY
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…
2026-02-25
Other facts
PRIMARY
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.
2025-07-18
Other facts
PRIMARY
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.
2024-04-17
Other facts
PRIMARY
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.
2024-04-17
Other facts
PRIMARY
The GENIUS Act establishes a federal payment-stablecoin regime with reserve composition rules and a dual federal/state issuer-licensing structure.
2024-04-17
Other facts
PRIMARY
The GENIUS Act establishes a federal regulatory regime for payment stablecoins, including reserve requirements and a dual federal/state issuer-licensing structure.
2024-04-17
Other facts
PRIMARY
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.
GOBLIN HOUSE
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