The US Treasury has opened a consultation period for the Guidance and Establishment of National Innovation for US Stablecoins (GENIUS) Act, signed into law by President Donald Trump in July. Citizens and organizations can submit comments until October 17, focusing on innovative methods to detect and prevent unlawful financial activities involving digital assets. 

According to the Treasury, feedback may include proposals on artificial intelligence, API integrations, digital identity verification, and blockchain monitoring. This input will help strengthen the law’s implementation while increasing security and transparency in the stablecoin market. Collected feedback will later be submitted to the Senate Banking Committee and the House Financial Services Committee. 

Implementation timeline of the GENIUS Stablecoin Act 

The law will take effect either 18 months after its approval on July 18 or within 120 days once regulations are finalized by the Treasury and the Federal Reserve. This timeline reduces the likelihood of the law becoming a key political topic in the 2026 midterm elections. At the same time, the implementation will raise compliance standards in the stablecoin ecosystem. 

Treasury Secretary Scott Bessent highlighted the importance of the initiative on X, calling it “necessary to secure American leadership in digital assets.” This statement underscores Washington’s intention to tighten oversight in the crypto industry. Moreover, the emphasis on innovative solutions reflects the government’s proactive stance on combating illicit use of cryptocurrencies. 

Other crypto-related bills in Congress 

During the Republicans’ “crypto week” in July, three major bills came under discussion: the GENIUS Act, the Digital Asset Market Clarity (CLARITY) Act, and the Anti-CBDC Surveillance State Act. Among them, only the GENIUS Act advanced to the implementation stage. 

The CLARITY and Anti-CBDC bills were sent to the Senate and will be reviewed after the September recess. The Senate Banking Committee has already indicated plans to advance its own version of the CLARITY Act by October. This momentum shows Congress is moving quickly on crypto regulation. 

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The GENIUS Act provides a national innovation framework for stablecoins. The CLARITY Act establishes legal infrastructure for the digital asset market. The Anti-CBDC bill aims to restrict the Federal Reserve’s development of a digital currency. 

Trump-Supported GENIUS Act Had Already Passed the Senate 

Former President Donald Trump had previously announced plans to rapidly advance his crypto agenda. As part of this, Republican lawmakers prepared a “crypto week” for this week and urged all party members to support the bills. 

The GENIUS Act had been approved by the Senate in June. Trump is expected to sign the bill on Friday, provided there are no further changes. Some Democrats criticized the process, citing conflicts of interest and corruption suspicions. 

Meanwhile, before the vote, some Republicans who demanded special regulations banning CBDCs temporarily blocked the process for several hours. However, the bills were ultimately approved with support from Republicans and more Democrats than expected. Approximately 80 Democrats voted “yes” for the CLARITY Act, and over 100 supported the GENIUS Act. 

CBDC Debates Intensify, FED in the Spotlight 

The Federal Reserve’s digital currency development has faced longstanding criticism from conservatives. The Anti-CBDC Surveillance State Act argues that this development could be a “secret surveillance tool” and calls for its ban. Republican lawmakers support the bill on grounds of protecting individual privacy. 

However, many experts believe this bill risks blocking not only the FED but all digital currency initiatives. Meanwhile, actors in the tech and finance sectors believe these regulations could eliminate uncertainties for the digital asset ecosystem. 

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Crypto, Macroeconomic and Legislative Agenda

Monday – July 15
• U.S. Congress’ Crypto Week begins. The Genius Act, Clarity Act, and Anti-CBDC bills will be discussed.
Market impact: If U.S. regulations become clearer, volatility may increase. 

Tuesday – July 16
• U.S. CPI (Inflation) to be released – 12:30 GMT
Forecast: 2.6% | Previous: 2.4%
• BlackRock to publish Q2 2025 earnings.
• $SAGA to finalize on-chain vote aiming to stabilize inflation at 3%.
Market impact: If CPI exceeds expectations, hopes for a rate cut may weaken. 

Wednesday – July 17
• U.S. PPI (Producer Inflation) to be released – 12:30 GMT
Previous: 2.6%
• U.S. Beige Book report to be released – 18:00 GMT
Market impact: The Fed’s regional outlook could influence liquidity and risk appetite. This report contains field insights on economic activity, employment, price pressures, and consumer behavior across the Fed’s 12 districts. 

Thursday – July 18
• Eurozone CPI to be released – 09:00 GMT
Forecast: 2.0% | Previous: 1.9%
Market impact: Projects tied to Euro or stablecoins may see sudden volatility. 

All these developments are expected to deepen market uncertainty and push investors to reassess their strategies — especially in a week shaped by regulation and inflation, crypto.

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