US regulators miss GENIUS Act’s one-year deadline for final stablecoin rules

The US regulators have missed the one-year deadline set by the GENIUS Act for finalizing stablecoin rules, which means they still need to figure out how to regulate these digital currencies within a tight timeframe. This delay doesn't push back the law's effective date of January 18, 2027, leaving both regulators and issuers scrambling to adapt quickly. This missed deadline highlights the challenges in keeping up with rapidly evolving financial technologies and could lead to more confusion and potential regulatory gaps in the stablecoin market.