Since the GENIUS Act was signed into law on July 18, 2025, the U.S. has moved decisively to regulate payment stablecoins. Together with pending bills like the CLARITY Act, STABLE Act, and Anti-CBDC Surveillance Act, the U.S. is building a comprehensive governance system covering asset definitions, issuer qualifications, reserve management, compliance obligations, and inter-agency coordination.

This article analyzes these four pillars of U.S. stablecoin regulation and highlights TokenPocket’s pivotal role as infrastructure in this evolving environment.

The GENIUS Act: Federal Foundations for Stablecoins

The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), signed with bipartisan support, provides the first federal-level definition of “payment stablecoins” and establishes five key requirements:

  1. Authorized Issuers – Only OCC-approved banks or regulated trust companies may issue payment stablecoins. All others are banned.

  2. Reserve & Redemption Safeguards – 100% backing in USD cash or short-term Treasuries. Emergency freeze/burn functions mandated.

  3. Transparency & Audits – Monthly reserve disclosures and audits, published by Treasury. Executives must personally attest to compliance.

  4. AML/CFT & Consumer Protection – Issuers fall under the Bank Secrecy Act, with strict compliance, consumer priority in bankruptcies, and bans on misleading marketing.

  5. Transition & Enforcement – 3-year grace period for existing issuers; Treasury retains discretion to adjust requirements.

👉 The GENIUS Act establishes clear legal definitions and enforcement authority, marking the U.S.’s first comprehensive federal framework for stablecoins.

The Complementary Bills

1. CLARITY Act – Asset Classification & Intermediary Registration

  • Status: Passed the House (June 2025, 294–134); pending Senate review.

  • Focus: Resolves SEC vs. CFTC turf wars by classifying assets and creating new registration categories (DCE, DCB, DCD).

  • Highlights:

    • Digital commodities vs. securities based on decentralization/utility.

    • Safe harbor exemptions for offerings <$75M.

    • DeFi developers/validators get regulatory breathing room.

    Analysis: Provides long-needed legal clarity, but dual oversight raises the risk of regulatory arbitrage across jurisdictions.

2. STABLE Act – Prudential Oversight

  • Status: Introduced (March 2025); pending Senate review.

  • Focus: Expands on the GENIUS Act by embedding stablecoins within Federal Reserve supervision.

  • Highlights:

    • Mandatory Fed registration and quarterly reserve reporting.

    • Rehypothecation prohibited.

    • Fed empowered to freeze accounts or halt minting for violations.

    Analysis: Brings stablecoins under traditional banking discipline, bolstering systemic safety — but may also increase compliance costs and slow innovation.

3. Anti-CBDC Surveillance State Act – Privacy Protections

  • Status: Passed the House (July 2025); pending Senate review.

  • Focus: Prevents the Federal Reserve from issuing retail CBDCs.

  • Highlights:

    • Ban on direct or indirect CBDC issuance to individuals.

    • Only wholesale settlement CBDCs permitted.

    • Any retail CBDC project requires explicit congressional approval.

    Analysis: Protects privacy and preserves commercial banks’ role, but limits U.S. competitiveness in the global CBDC race.

Key Takeaways: The U.S. Regulatory Model

  • GENIUS Act – Defines stablecoins, enforces 100% reserves, mandates monthly audits.

  • CLARITY Act – Establishes asset classification and intermediary registration.

  • STABLE Act – Extends prudential oversight to stablecoin issuers.

  • Anti-CBDC Act – Safeguards privacy by blocking retail CBDCs.

Together, these measures create a multi-layered system:

  • Inter-agency coordination across SEC, CFTC, OCC, Fed, and FinCEN.

  • A balance between transparency, stability, and innovation via transition periods and safe harbors.

  • A “rule-of-law first, market-friendly” approach designed to attract innovation and capital.

TokenPocket: Infrastructure for the Stablecoin Era

Within this tightening U.S. framework, TokenPocket stands out as the leading multichain self-custody stablecoin wallet.

1. Licensing & Compliance

  • Registered as a Money Services Business (MSB) with U.S. FinCEN, ensuring BSA/AML compliance.

  • Actively pursuing additional licenses worldwide to align with global regulatory standards.

2. Seamless Cross-Chain & Zero-Fee Services

  • Supports 1,000+ networks including Ethereum, BSC, Solana, Arbitrum, and Polygon.

  • Integrated cross-chain bridges and flash swaps maximize liquidity.

  • Zero-fee transfers on TRON and BSC reduce user costs.

3. Unified Stablecoin & Multi-Asset Management

  • Supports all major stablecoins with built-in swaps and bridges.

  • Unified interface for multi-chain balances, portfolios, and transaction history.

4. Enterprise-Grade Security

  • Fully non-custodial: private keys stored only on user devices.

  • Security stack includes PassPhrase, multi-signature, and @KeyPalWallet hardware integration.

Conclusion

U.S. stablecoin regulation is moving from fragmented enforcement to a cohesive federal system. The GENIUS Act sets foundations; CLARITY defines classifications; STABLE ensures prudential oversight; and the Anti-CBDC Act protects privacy.

As regulation matures, TokenPocket provides the optimal infrastructure for both users and enterprises — combining regulatory compliance, cross-chain flexibility, zero-fee efficiency, and enterprise-grade security.

🔗 Download TokenPocket today: tp.xyz