Svmuu News: It has been one year since the U.S. stablecoin regulatory bill, the GENIUS Act, was enacted. Non-U.S. issuers such as Tether, and others have two years remaining to establish compliance strategies to meet the requirements of U.S. stablecoin issuance regulations.
The bill originally mandated that federal financial regulators finalize stablecoin regulations by the one-year mark, but the relevant rules have not yet been issued, and uncertainty remains regarding the compliance path.
Under the basic framework established by U.S. standards, USDT issued by Tether. would need to undergo several major adjustments before the rules take effect in order to meet legal requirements.