This CLE presentation examines the regulatory landscape for stablecoins following enactment of the GENIUS Act, signed into law in July 2025 and effective January 2027. With an approximately 18-month implementation window, both state regulators and industry participants face a compressed timeline to align with a new federal baseline governing stablecoin issuance, 1:1 reserve backing, redemption rights, mandatory disclosures, and ongoing supervision. The presentation explains what stablecoins are, highlights key use cases—from cross-border remittances to corporate treasury management—and walks through the five core statutory requirements while underscoring that the statute alone does not provide the implementing rules. phone: 866-466-2253 • web: www.n acle.com • email: info@nacle.com The presentation then addresses the operational divide between federal standards and state execution. While the GENIUS Act preserves state licensing, examination, and enforcement authority, it introduces a "substantially similar" standard that states must satisfy, creating new demands around reserve composition, attestation rigor, examiner training, and interstate coordination. For regulators, priority actions include conducting gap analyses against GENIUS Act standards, building examiner expertise in digital assets and distributed ledger technology, and issuing early interim guidance. For industry, the focus is on mapping multi-state licensing exposure, upgrading reserve reporting and custody infrastructure, and engaging regulators proactively during the transition period. The presentation closes with a comprehensive watch list of near-term items through January 2027—including the federal rulemaking timeline, state-by-state gap assessments, the substantially similar certification process, and evolving examination postures—and emphasizes that preparation, collaboration, and regulator-industry dialogue will be critical to minimizing disruption as this new framework takes effect.