GENIUS Act

Creates the first federal regulatory framework for payment stablecoins, digital tokens whose issuer is obligated to redeem them for a fixed amount of money. Section 3 makes it unlawful for anyone but a 'permitted payment stablecoin issuer' to issue a payment stablecoin in the United States, with penalties up to $1,000,000 and five years in prison for knowing violations. Section 2 sets up three routes to become a permitted issuer: a subsidiary of an insured bank, a federally qualified issuer approved by the Comptroller of the Currency, or a state-qualified issuer. Section 4 requires issuers to hold reserves backing their coins at least one-to-one in cash, short-term Treasuries, and similar liquid assets, publish monthly reserve disclosures, and it prohibits paying holders any interest or yield. The same section treats issuers as financial institutions under the Bank Secrecy Act, with anti-money-laundering and sanctions duties. Issuers whose coin exceeds $10 billion outstanding generally transition to federal oversight, while smaller state issuers may stay under a certified state regime. Section 4 also bars marketing that implies government backing or federal deposit insurance. Section 11 gives stablecoin holders priority over other creditors in an issuer's insolvency, and section 17 clarifies that payment stablecoins from permitted issuers are not securities or commodities. Under section 20 the law takes effect on the earlier of 18 months after enactment or 120 days after final implementing regulations.

At least 113 organizations named this measure in a lobbying filing. A floor, not a total: they were counted by the client name on 417 quarterly reports filed by 28 lobbying firms and by 69 organizations lobbying for themselves in 2025 Q2, 2025 Q3, 2025 Q4, 2026 Q1, 2026 Q2 and 2026 Q3. An organization that lobbied this measure without naming it is not counted here.

The filings record that lobbying was reported on the measure. The form has no per-bill dollar figure and no field for a position, so nothing here says how much was spent or which side an organization took.

5 of them, in no ranking: Ledger; Ava Labs, Inc.; Avalanche Bvi, Inc.; Wisdomtree Digital Management, Inc.; Metrika, Inc. Listed as filed, in the order the filings were read, and 108 others are not shown. These are not the largest, the earliest or the most active: we keep five names per measure, and the filings give no ranking.

From the LD-2 quarterly lobbying filings published at lda.gov by the Senate Office of Public Records. Read for 2025 Q1, 2025 Q2, 2025 Q3, 2025 Q4, 2026 Q1, 2026 Q2 and 2026 Q3. Our copy holds 24 fewer filings for 2025 Q1, 39 fewer filings for 2025 Q2, 42 fewer filings for 2025 Q3, 33 fewer filings for 2025 Q4, 28 fewer filings for 2026 Q1, 48 fewer filings for 2026 Q2 and 218 fewer filings for 2026 Q3 than the Senate's register counts, so those quarters are the filings we could read rather than every one filed. 2026 Q4 is still inside its filing window, so that quarter is only the filings posted so far.