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Email The Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (the “GENIUS Act” and the “Act”) establishes a regulatory infrastructure for defining, managing, custodying and issuing a specific kind of cryptocurrency -- “payment stablecoins”. https://www.cadwalader.com/resources/clients-friends-memos/operation-and-structure-of-the-genius-act-of-2025-on-payment-stablecoins