GENIUS Act: Will the Federal Reserve Issue Standalone Guidance or a Rule for State-Member Banks by July 31, 2026?
256,082 Vol.in 4 days (Jul-31-2026 11:59:00 PM UTC)
DescriptionThe GENIUS Act (Public Law 119-27, signed July 18, 2025) required the Federal Reserve to finalize stablecoin implementing rules by July 18, 2026. As of July 2, 2026, the Fed had published no standalone prudential rule for state-member bank stablecoin issuers — only a joint KYC rule with five agencies. State-member banks wishing to issue GENIUS Act-compliant stablecoins have no Fed compliance framework.
- This event resolves YES if the Federal Reserve issues a final rule, supervisory guidance letter (SR/CA letter), or official public statement specifically addressing GENIUS Act compliance for state-member bank stablecoin issuers by July 31, 2026 UTC.
- This event resolves NO if no such standalone action is taken by that deadline.
- 1. Specificity: Any official Fed action — final rule in the Federal Register, SR/CA supervisory letter, or Board press release — addressing GENIUS Act compliance for state-member banks counts.
- 2. Exclusion: Joint agency rules (e.g., the June 22, 2026 CIP rule) do NOT count. Routine supervisory activity under existing authority does NOT count.
- 3. Source Hierarchy: Federal Register primary. Fed.gov official press releases secondary. SR/CA letters index tertiary.
- 4. Timing: Must occur before July 31, 2026 UTC. Post-deadline resolves NO.
- 5. Cancellation Rule: N/A — regulatory publications are permanent once issued.