Builder-oriented explainer of three GENIUS Act clocks:
- Rulemaking: finals due July 18, 2026
- Effective: earlier of Jan 18, 2027 OR 120 days after primary finals
- Distribution: broad restriction on non-permitted stablecoins generally July 18, 2028
Confirms agencies often miss statutory deadlines without formal penalty; July 18 is regulator clock, not issuer illegality event.