Nixon Peabody partners Andrew Glass and Gregory Blase, will be discussing "The Genius Act and the Clarity Act – What Credit Unions Should Know Now," at the NASCUS webinar series.
Details from the website
In July 2025, Congress passed the Genius Act, establishing a framework for issuing payment stablecoins in the United States. Federal regulators have proposed rules to implement the act, creating standards for AML compliance, and reserve, capital, redemption, and reporting requirements. Payment stablecoins are digital payment instruments whose value is pegged to the U.S. Dollar. Their issuance promises to revolutionize the payments industry, both domestically and cross-border. Benefits can include facilitating peer-to-peer payments and money transmittal services at a faster, less expensive basis than traditional payment methods.
The proposed Digital Asset Market Structure (Clarity) Act would establish a comprehensive regulatory framework for crypto, splitting oversight between the SEC (securities) and CFTC (digital commodities). The OCC has enabled tokenized deposits by providing regulatory clarity that permits national banks to use distributed ledger technology (DLT) for payment activities, hold stablecoin reserves, and manage “gas” fees.
Join Nixon Peabody attorneys for a high-impact briefing designed to help business leaders stay ahead. You’ll gain:
- Clarity on what the Genius Act, the Clarity Act, and forthcoming regulations mean for you
- Guidance on how to prepare for compliance and mitigate risk
- Strategies to leverage early-mover advantages in a rapidly evolving market
For more information or to register, visit the event website.