Passage of the Genius Act (Guiding and Establishing National Innovation for U.S. Stablecoins) opened the door for regulated financial institutions to use stablecoins for payments. Banks, stablecoin issuers and payment processors must now prepare for the compliance obligations they will face. Even though regulatory supervision has not yet been finalized and is expected to evolve over the next two years, a proactive approach is needed now. Attorneys at Venable LLP have been monitoring the actions of federal and state regulators pertaining to compliance. They offer consulting services on stabl...