US SEC Digital Assets and Crypto Regulatory Framework
Payment stablecoins (GENIUS Act, binding statute) – US SEC Digital Assets and Crypto Regulatory Framework

US SEC Digital Assets and Crypto Regulatory Framework GENIUS 4(a)(2)-(3): Do not rehypothecate reserves; have monthly reports examined by a registered accounting firm and certified by the CEO and CFO

GENIUS Act section 4(a)(2) and (3): reserves may not be pledged, rehypothecated or reused except for margin on permitted repos, standard custody, or cleared short repos to meet redemptions; each month a registered public accounting firm examines the prior month-end reserve report and the CEO and CFO certify its accuracy to the regulator, with criminal penalties for knowingly false certification.

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