INTRODUCTION
The rapid evolution of digital finance has amplified the need for regulatory frameworks. Transformative technologies such as cryptocurrency e.g. stablecoins (digital tokens pegged to fiat currencies or other assets), amongst others, are already used for payments, remittances and cross-border settlements. Their emergence has exposed regulatory gaps and consumer protection issues. Thus, in response, in July 2025, the United States enacted the Guiding and Establishing National Innovation for U.S. Stablecoin (GENIUS Act). The law is a legislative framework that creates the first federal licensing and supervisory regime for payment stablecoin issuers. By establishing clear regulatory guidelines, protecting consumers, and fostering an inclusive digital economy, the GENIUS Act seeks to strike a careful balance between enabling technological advancement and ensuring responsible financial governance.
