# GENIUS Act

Type: legislation

Source: GetYourBrief — https://getyourbrief.com/entity/genius-act
Canonical HTML page: https://getyourbrief.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-Q2 (projected)**: Public Comment Period — Industry stakeholders provide feedback on affiliate reward restrictions and yield bans.
- **2026-03-03**: Trump Issues Ultimatum — President Trump publicly attacks banks on Truth Social, accusing them of holding the Clarity Act hostage.
- **2026-03-03**: Trump Ultimatum — President issues public threat to banks via Truth Social.
- **2026-03-03**: Trump Intervention — Trump issues a public threat to banks via Truth Social, demanding passage of the Clarity Act.
- **2026-02-28**: Negotiation Deadline Missed — The White House deadline for a compromise between banks and crypto firms passes without a deal.
- **2026-02-28**: Negotiation Deadline — White House deadline for a bank-crypto compromise passes.
- **2026-02-28**: Deadline Missed — The White House deadline for a compromise between banks and crypto firms passes.
- **2026-02-26**: OCC Proposal Released — The OCC formally introduces the proposal to implement the GENIUS Act yield restrictions.
- **2026-02-26**: OCC Proposal Released — The OCC formalizes the proposal to implement the GENIUS Act and bar stablecoin yields.
- **2026-01-20**: Clarity Act Postponed — The Senate Banking Committee indefinitely delays the markup of the market structure bill due to banking lobby concerns.

## Recent coverage (18 stories, network-wide)

### 22-Year-Old Founder Raises $30M at $300M Valuation for Perps Startup
2026-07-11 12:40:44 · Sector: startups · Sentiment: Neutral · Impact: 5/10 · Sources: 2

Fresh out of Stanford, Theodore Gillibrand landed a $30M seed round from Lux Capital for APEC, a derivatives exchange aiming to list perpetual futures. The 22-year-old's political lineage adds intrigue, but the startup story is about a bold bet on regulated financial infrastructure.
Full story: https://getstartupbrief.com/story/startups-theodore-gillibrand-30m-apec-perpetuals

### Senator Gillibrand's Son Seeks SEC Nod for $30M Perpetuals Exchange
2026-07-11 12:40:37 · Sector: legal · 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

### Wall Street's New Perps Play: $30M Funded Exchange Challenges Offshore Crypto
2026-07-11 12:40:29 · Sector: finance · Sentiment: Neutral · Impact: 5/10 · Sources: 2

APEC's $30M round, led by Lux Capital, aims to establish a regulated market for equity perpetual futures—a product that has generated billions in trading volume on unregulated crypto exchanges. The move could reshape derivatives trading if regulators approve.
Full story: https://getfinancebrief.com/story/finance-apec-30m-perps-exchange-wall-street

### Crypto's Perps Go Mainstream: $30M Raised for Regulated US Exchange
2026-07-11 12:40:20 · Sector: crypto · Sentiment: Neutral · Impact: 5/10 · Sources: 2

Perpetual futures, a crypto-native invention, are moving from offshore exchanges to a regulated US platform. Theodore Gillibrand's APEC just raised $30M at a $300M valuation to list equity perps, potentially bridging crypto and TradFi.
Full story: https://getcryptobrief.com/story/crypto-perps-30m-regulated-exchange

### Trump Crypto Empire Nets $1.4B, Dwarfing UK Golf Income
2026-07-04 10:43:54 · Sector: crypto · Sentiment: Neutral · Impact: 6/10 · Sources: 2

A presidential financial disclosure reveals Trump earned $1.4B from meme coins and World Liberty Financial in 2025, far outpacing his traditional golf resort revenues, while his policies cemented stablecoin legitimacy through the GENIUS Act.
Full story: https://getcryptobrief.com/story/trump-crypto-empire-1-4b-dwarfs-golf-income

### World Liberty Financial: Trump’s $1.4B Crypto Startup Playbook
2026-07-01 00:19:02 · Sector: startups · Sentiment: Neutral · Impact: 8/10 · Sources: 10

The Trump family’s crypto venture, World Liberty Financial, generated over $500M last year, showcasing how presidential brand equity can fuel startup-style wealth creation and disrupt venture norms.
Full story: https://getstartupbrief.com/story/trump-world-liberty-financial-startup-1-4b

### Trump’s Crypto Holdings Top $1.4B, Outstripping Real Estate Empire for First Time
2026-07-01 00:18:19 · Sector: finance · Sentiment: Neutral · Impact: 8/10 · Sources: 10

The President’s cryptocurrency ventures generated over $1.4B in 2025, eclipsing his traditional business earnings and marking a historic shift in his wealth portfolio, with major implications for digital asset markets.
Full story: https://getfinancebrief.com/story/trump-crypto-1-4b-outpaces-real-estate

### Trump’s $1.4B Crypto Windfall: 927-Page Disclosure Fuels Conflict-of-Interest Debate
2026-07-01 00:17:34 · Sector: legal · 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 · Sector: legal · 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 Threatens Banks Over 'Hostage' Stablecoin Legislation and Yield Rights
2026-03-04 00:30:14 · Sector: startups · Sentiment: Neutral · Impact: 8/10 · Sources: 2

President Donald Trump has launched a public assault on the banking industry, accusing major financial institutions of sabotaging his signature crypto legislation to protect record profits. The conflict centers on the Clarity Act, a market structure bill currently stalled in the Senate over whether crypto platforms can offer yield on stablecoin deposits.
Full story: https://getstartupbrief.com/story/trump-banks-stablecoin-clash-genius-act

### Trump Threatens Banks Over 'Undermining' Stablecoin Yield and Crypto Agenda
2026-03-04 00:30:07 · Sector: crypto · Sentiment: Neutral · Impact: 8/10 · Sources: 2

President Donald Trump has issued a stern warning to the banking sector, accusing institutions of holding the Clarity Act hostage to protect record profits. The conflict centers on a legislative battle over whether crypto platforms can offer yield on stablecoin deposits, a move banks fear will trigger significant deposit flight.
Full story: https://getcryptobrief.com/story/trump-threatens-banks-crypto-clarity-act

### Trump Blasts Banks for 'Undermining' Crypto Agenda and Stalling Clarity Act
2026-03-04 00:28:57 · Sector: legal · 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

### Goldman Sachs Issues Warning on Circle Costs Despite Blowout USDC Earnings
2026-03-02 00:22:18 · Sector: crypto · Sentiment: Neutral · Impact: 7/10 · Sources: 2

Circle Internet Group reported a massive earnings beat driven by a 72% surge in USDC circulation and $11.9 trillion in transaction volume. However, Goldman Sachs analysts have flagged hidden cost escalations in the company's 2026 outlook that could challenge long-term margin sustainability.
Full story: https://getcryptobrief.com/story/goldman-sachs-circle-earnings-warning-2026

### Circle's Record USDC Growth Met with Goldman Sachs Cost Caution
2026-03-02 00:21:44 · Sector: finance · Sentiment: Neutral · Impact: 7/10 · Sources: 2

Circle Internet Group reported a blowout quarter with USDC circulation hitting $75.3 billion and a 54% adjusted EBITDA margin. However, Goldman Sachs is warning investors about a "cost story" buried in the 2026 outlook that could impact long-term profitability.
Full story: https://getfinancebrief.com/story/circle-earnings-goldman-sachs-warning-2026

### OCC Proposes Yield Ban on Stablecoins to Clear Path for CLARITY Act
2026-02-26 14:44:02 · Sector: crypto · Sentiment: Neutral · Impact: 7/10 · Sources: 2

The OCC has proposed new rules implementing the GENIUS Act, which would prohibit yield on payment stablecoins and crack down on affiliate reward programs. This move is designed to resolve the long-standing 'security vs. currency' debate and accelerate the passage of the CLARITY Act.
Full story: https://getcryptobrief.com/story/occ-stablecoin-yield-ban-genius-act-clarity

### OCC Proposal Bans Stablecoin Yields, Advancing GENIUS and CLARITY Acts
2026-02-26 14:43:28 · Sector: finance · 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-bearing features on payment stablecoins. This regulatory move aims to clarify the distinction between payment instruments and securities, potentially clearing the legislative path for the broader CLARITY Act.
Full story: https://getfinancebrief.com/story/occ-stablecoin-yield-ban-genius-clarity

### OCC Proposal Targets Stablecoin Yields to Pave Way for CLARITY Act
2026-02-26 14:39:35 · Sector: legal · 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

### Bundesbank President Urges Euro Stablecoin Push to Guard Monetary Sovereignty
2026-02-19 06:17:24 · Sector: crypto · Sentiment: Positive · Impact: 7/10 · Sources: 2

Deutsche Bundesbank President Joachim Nagel has called for the strategic development of euro-denominated stablecoins to safeguard the European Union's monetary independence. Nagel emphasized that these private-sector digital assets, alongside a central bank digital currency, are essential to counter the growing dominance of US dollar-pegged coins.
Full story: https://getcryptobrief.com/story/bundesbank-euro-stablecoin-monetary-sovereignty-nagel

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