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New York City Bar Association Podcast
The Genius Act and Payment Stablecoins: A Regulatory Deep Dive
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Tiffany Smith (WilmerHale) speaks with Beth Haddock (Warburton Advisers) and Boaz Goldwater (Davis Polk) about Treasury’s notice of proposed rulemaking implementing the Genius Act’s framework for regulating payment stablecoins, focusing on guidance for state regimes to qualify as “substantially similar” to the federal approach. This podcast episode from the City Bar’s Presidential Task Force on AI and Digital Technologies compares the dual federal/state structure to banking and securities regulation, and describes “uniform” requirements versus areas with limited state calibration (e.g., capital, liquidity, supervisory procedures). We discuss the inter-agency stablecoin certification review…