The GENIUS Act in Practice: Key Questions for Stablecoin Regulation
From FedSoc Forums by The Federalist Society
April 8, 2026 · 1h 2m
About this episode
The episode discusses the implementation of the GENIUS Act and key questions surrounding stablecoin regulation.
The GENIUS Act of 2025 was a watershed moment in the legal framework for stablecoins, but now implementing regulations are due in July, and many key questions are far from settled. How will the regulation will be carried out, how will systemic risks be addressed, how big a role will banks play in stablecoins, what role will stablecoins assume in the broader payment system, how will yield-bearing arrangements using stablecoins be treated, who will bear the regulatory costs? On March 31, 2026, the Federalist Society's Financial Services Practice Group will convene a panel of leading practitioners, regulators, and policy thinkers to examine these questions and the implementation landscape ahead. Featuring: Hon. Michael S. Barr, Member, Board of Governors of the Federal Reserve System Hon. Summer Mersinger, Chief Executive Officer, Blockchain Association Alex Pollock, Senior Fellow, Mises Institute Greg Xethalis, General Counsel and Chief Compliance Officer, Multicoin Capital (Moderator) Gary Kalbaugh, Partner, Cahill Gordon & Reindel
People in this episode
Host: Greg Xethalis
Guests: Hon. Michael S. Barr, Hon. Summer Mersinger, Alex Pollock, Gary Kalbaugh
Topics covered
- stablecoin regulation
- financial services
- systemic risks
- payment systems
- regulatory landscape
Keywords
- GENIUS Act
- stablecoins
- regulation
- financial services
- systemic risks
- payment systems
- yield-bearing arrangements
Mentioned in this episode
Organizations: Federal Reserve System, Blockchain Association, Mises Institute, Multicoin Capital, Cahill Gordon & Reindel
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