# GENIUS Act Type: legislation Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/genius-act Canonical HTML page: https://getlegalbrief.com/entity/genius-act ## Timeline - **2026-06-30**: Disclosure Forms Released — The U.S. Office of Government Ethics releases the forms, revealing the $1.4 billion crypto windfall to the public. - **2026-06-29**: Trump Signs Financial Disclosure — President Trump certifies the 927-page financial disclosure document for 2025. - **2026-04-08**: Detailed Clarification — Cointelegraph elaborates on FDIC's exclusion of stablecoin holders from deposit insurance - **2026-04-07**: Initial Proposal Announcement — Decrypt reports FDIC's proposed rules establishing oversight for stablecoin issuers under the GENIUS Act - **2026-Q2 (projected)**: Public Comment Period — Industry stakeholders and legal experts submit feedback on the 'rebuttable presumption' clause. - **2026-03-03**: Trump Issues Ultimatum — President Trump publicly attacks banks on Truth Social, accusing them of holding the Clarity Act hostage. - **2026-02-28**: Negotiation Deadline Missed — The White House deadline for a compromise between banks and crypto firms passes without a deal. - **2026-02-26**: OCC Proposal Released — The OCC formally introduces the proposal to implement the GENIUS Act yield restrictions. - **2026-01-20**: Clarity Act Postponed — The Senate Banking Committee indefinitely delays the markup of the market structure bill due to banking lobby concerns. - **2026 (projected)**: CLARITY Act Vote — The House and Senate move toward a final vote on the CLARITY Act following the yield resolution. - **2025-12-15**: GENIUS Act Signed — President Trump signs the first major U.S. stablecoin framework into law. - **2025-04**: Mar-a-Lago Crypto Conference — Celebration Cards helps organize a crypto conference at Mar-a-Lago, later linked to Celebration Coins' $635M in licensing payments. - **2025-02**: SEC Drops Coinbase Case — The Securities and Exchange Commission drops its lawsuit against Coinbase, marking a shift to a pro-crypto regulatory stance. - **2025-01**: Trump's Second Term Begins; UAE Investment Reported — World Liberty Financial reportedly receives a $500 million investment from the UAE national security adviser days before Trump retakes office. - **2025**: National Crypto Reserve and Summit Announced — Trump unveils plans for a national strategic cryptocurrency reserve and hosts the first White House cryptocurrency summit. ## Recent coverage (5 stories) ### Senator Gillibrand's Son Seeks SEC Nod for $30M Perpetuals Exchange 2026-07-11 12:40:37 · Sentiment: Neutral · Impact: 5/10 · Sources: 2 Theodore Gillibrand's APEC, with $30M in funding and a $300M valuation, is seeking SEC and CFTC approval to offer perpetual futures on equities—raising conflict-of-interest questions given his mother's role in digital asset legislation. Full story: https://getlegalbrief.com/story/legal-gillibrand-son-30m-perpetuals-sec ### Trump’s $1.4B Crypto Windfall: 927-Page Disclosure Fuels Conflict-of-Interest Debate 2026-07-01 00:17:34 · Sentiment: Neutral · Impact: 8/10 · Sources: 10 President Trump's financial disclosure reveals $1.4 billion in cryptocurrency income, intensifying ethics scrutiny as he shapes federal crypto policy without a blind trust. Full story: https://getlegalbrief.com/story/trump-1-4b-crypto-disclosure-conflict-interest ### FDIC's 2026 Rules Exclude 100% of Stablecoin Holders 2026-04-08 01:47:46 · Sentiment: Neutral · Impact: 8/10 · Sources: 2 The FDIC's proposed rules under the GENIUS Act introduce federal oversight for stablecoin issuers, excluding holder insurance to align with regulatory texts, potentially reshaping corporate compliance strategies. For legal professionals in RegTech, this highlights evolving frameworks that demand deeper analysis of conflicts between financial laws and crypto innovations. It underscores the need for firms to adapt advisory services amid increasing regulatory scrutiny. Full story: https://getlegalbrief.com/story/fdic-stablecoin-rules-legal ### Trump Blasts Banks for 'Undermining' Crypto Agenda and Stalling Clarity Act 2026-03-04 00:28:57 · Sentiment: Neutral · Impact: 8/10 · Sources: 2 President Trump has issued a direct warning to the banking sector, accusing institutions of sabotaging the GENIUS Act and obstructing the Clarity Act. The conflict centers on a high-stakes dispute over whether crypto exchanges can offer yield on stablecoin deposits, a move banks fear will trigger significant deposit flight. Full story: https://getlegalbrief.com/story/trump-banks-crypto-clarity-act-dispute ### OCC Proposal Targets Stablecoin Yields to Pave Way for CLARITY Act 2026-02-26 14:39:35 · Sentiment: Neutral · Impact: 7/10 · Sources: 2 The Office of the Comptroller of the Currency (OCC) has proposed new rules to implement the GENIUS Act, effectively banning yield on payment stablecoins. This regulatory maneuver is designed to resolve long-standing friction and accelerate the passage of the CLARITY Act by separating payment tools from investment products. Full story: https://getlegalbrief.com/story/occ-stablecoin-yield-ban-genius-act --- This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getlegalbrief.com/guides/methodology for the full editorial methodology.