
Six federal agencies must finalize GENIUS Act stablecoin rules by July 18, 2026. Here is what full reserves, no FDIC insurance, and the new regime mean for people who hold dollar stablecoins.

The GENIUS Act (July 2025), SAB 122 (January 2025) and the SEC-CFTC MOU (March 2026) have reset US crypto regulation faster than the UK’s parallel CP26/13 framework. We unpack what each does, where USDC, USDT and PYUSD landed, and what the changes mean for Bitcoin ETF holders and stablecoin users in 2026.
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