The U.S. Securities & Exchange Commission published a statement from Chairman Paul S. Atkins following President Trump’s signing of the GENIUS Act into law, highlighting the Act’s new framework for payment stablecoins and its implications for the securities industry. Atkins said he has asked SEC staff to consider whether guidance, rulemaking, or other steps are needed to accommodate SEC registrants’ use of payment stablecoins. The statement points to potential use cases including settlement and margining, and frames the GENIUS Act as providing clearer “rules of the road” for adopting crypto asset technologies in U.S. markets. It also invites market participants to engage with SEC staff on what is needed for securities markets to take advantage of the Act. Next steps focus on staff evaluating whether additional SEC actions are warranted to provide regulatory clarity for registrants using payment stablecoins.
U.S. Securities & Exchange Commission 2025-07-18
U.S. Securities & Exchange Commission asks staff to assess guidance and possible rulemaking for registrants using payment stablecoins under the GENIUS Act
The U.S. Securities & Exchange Commission (SEC) released a statement from Chairman Paul S. Atkins on the GENIUS Act, establishing a new framework for payment stablecoins and its impact on the securities industry. The SEC is considering if further guidance or rulemaking is needed to support registrants' use of payment stablecoins. Market participants are encouraged to engage with SEC staff to explore the Act's potential benefits for securities markets.