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GENIUS Act

When the Act takes effect

GENIUS Act section 20 sets the effective date at the earlier of eighteen months after enactment or one hundred twenty days after the primary Federal payment stablecoin regulators issue final implementing regulations. Until then, every requirement described elsewhere in this section of the site is prospective, and ReserveBeat's coverage board reflects voluntary disclosure.

Statutory text, verbatim

Citation
GENIUS Act § 20
Document
S. 1582 ENROLLED (119th Congress)
Retrieved
2026-07-25

Quoted exactly as it appears in the enrolled bill, including its line breaks and indentation. ReserveBeat does not re-wrap, edit, or abridge statutory text.

SEC. 20. EFFECTIVE DATE.
    This Act, and the amendments made by this Act, shall take effect on 
the earlier of
        (1) the date that is 18 months after the date of enactment of 
    this Act; or
        (2) the date that is 120 days after the date on which the 
    primary Federal payment stablecoin regulators issue any final 
    regulations implementing this Act.

What ReserveBeat does with this

Nothing on the coverage board depends on this Act being in force. Issuers publish reserve disclosures today for their own reasons, and ReserveBeat reconciles what they publish today. This page exists so a reader checking a date does not assume that a requirement named on this site is currently binding on any issuer.

Terms used in this provision

Definitions live in the learn section. ReserveBeat defines terms in one place and links to it.

How ReserveBeat reconciles what issuers publish

How every published figure is derived

This page is a pointer to primary law, not legal advice. ReserveBeat is not a law firm and takes no position on how any provision applies to any issuer. Read the statute.

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Questions

Common questions

Is this the full text of the GENIUS Act?

No. Seven provisions are published here, sliced from the enrolled bill S. 1582 and quoted verbatim. The full Act is at the source link on every provision page.

Does ReserveBeat check whether an issuer meets these requirements?

No. ReserveBeat reconciles what an issuer publishes against what is observable on-chain and prepares evidence for a registered public accounting firm. It takes no position on any issuer's legal status.

Where did this text come from?

It was retrieved once from congress.gov, on the date shown on each page, and committed to this repository as a citable file. Pages render from that file, so the text cannot drift between readings.

Is this legal advice?

No. ReserveBeat is not a law firm. These pages point at primary law and describe what this product measures; they do not interpret the statute or apply it to anyone.