Under the GENIUS Act, a community bank may, subject to applicable regulatory approval:

• issue its own payment stablecoins,
• act as custodian for a payment stablecoin issuer, and
• engage in all stablecoin-related activities and investments contemplated by the new law.

This summary describes key provisions of the GENIUS Act with a focus on what the new law will mean for community banks after the implementing regulations become effective.

This publication is for general information purposes and is not intended to be, and should not be taken as, legal advice. The information in this publication is current as of August 2025.