The passage of the GENIUS Act has opened the floodgates for stablecoins. Dozens of new issuers from the United States and around the globe are expected to enter the market in the coming months, and the total volume outstanding continues to increase at a rapid pace.
As stablecoin innovators begin to explore their options for issuing payment stablecoins under the GENIUS Act, the question of what other legal obligations may burden their business is front of mind. In particular, the application of state law to payment stablecoin issuers can sink a business before it gets underway.
To learn more about this important issue, Mayer Brown is hosting a webinar with David Beam, the leader of our payments and fintech practice, and Matt Bisanz, fintech and regulatory partner in our Banking practice. David and Matt will explore the key preemption issues in the GENIUS Act, including:
- How state law preemption for federal qualified payment stablecoin issuers is analogous to that of national banks.
- Why state law preemption for subsidiaries of insured depository institutions does not extend to state supervision and examination.
- What it means for state qualified payment stablecoin issuers to be able to preempt host-state laws.
- When stablecoin issuer subsidiaries of depository institutions may be able to preempt state money transmitter licensing laws.
- Whether GENIUS Act preemption extends to state securities and fiduciary laws.
CLE credit is pending.
United States
2:00 p.m. – 3:00 p.m. EST
1:00 p.m. – 2:00 p.m. CST
12:00 p.m. – 1:00 p.m. MST
11:00 a.m. – 12:00 p.m. PST
Europe
7:00 p.m. – 8:00 p.m. GMT
8:00 p.m. – 9:00 p.m. CET
For additional information, please contact Alexandra Auth at aauth@mayerbrown.com or +1 212 506 2589.
