S.1582OneHundredNineteenthCongressoftheUnitedStatesofAmericaATTHEFIRSTSESSIONBegunandheldattheCityofWashingtononFriday,thethirddayofJanuary,twothousandandtwentyfiveAnActToprovidefortheregulationofpaymentstablecoins,andforotherpurposes.BeitenactedbytheSenateandHouseofRepresentativesoftheUnitedStatesofAmericainCongressassembled,SECTION1.SHORTTITLE.ThisActmaybecitedasthe‘‘GuidingandEstablishingNationalInnovationforU.S.StablecoinsAct’’orthe‘‘GENIUSAct’’.SEC.2.DEFINITIONS.InthisAct:(1)APPROPRIATEFEDERALBANKINGAGENCY.—Theterm‘‘appropriateFederalbankingagency’’hasthemeaninggiventhatterminsection3oftheFederalDepositInsuranceAct(12U.S.C.1813).(2)BANKS...