SEC
Securities and Exchange Commission
📋Role Under the GENIUS Act
The SEC's primary role under the GENIUS Act is clarifying that payment stablecoins from permitted issuers are NOT securities. The Act amends securities laws to exclude these stablecoins from the definition of 'security.'
✅Key Responsibilities
- •Recognize that payment stablecoins are not securities
- •Update guidance to reflect stablecoin exclusions
- •Coordinate with banking regulators on issuer oversight
- •Cannot require capital for custody activities beyond operational risk
8
Total references
4
Sections
1
Rulemakings
0
Deadlines
Bill References by Section
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Implementation Timeline
No specific deadlines extracted for this agency.
At a Glance
- •8 references across 4 sections
- •1 required rulemaking