Aspire Analytics

Summary:   The GENIUS Act  (Guiding and Establishing National Innovation for U.S. Stablecoins) was enacted on July 18, 2025 [22] , creating the first federal regulatory framework for U.S. dollar-backed payment stablecoins .  The law mandates that these stablecoins be fully backed 1:1 by safe assets (U.S. cash or short-term Treasuries) [23]  and subjects issuers to bank-like oversight. On Sept. 18, 2025, the Treasury issued an Advance Notice of Proposed Rulemaking (ANPRM) to s