SoFi Technologies faces operational uncertainty after federal agencies missed the July 18 statutory deadline to finalize GENIUS Act rules. This delay directly impacts SoFiUSD, a stablecoin launched to operate under the new federal framework.
The GENIUS Act, signed in July 2025, establishes a comprehensive federal framework for payment stablecoin reserves and compliance. SoFi expected a favorable regulatory position as a federally chartered national bank.
The absence of finalized rules creates ambiguity for the U.S. stablecoin market despite the act's fallback activation date. This regulatory gap affects strategy and planning for companies invested in compliant digital currency products.