The GENIUS Act, signed into law on July 18, 2025, establishes the first comprehensive federal framework for stablecoin regulation in the United States. This article examines the urgent implementation timeline facing federal regulators, who must finalize rules by July 2026 to meet the one-year deadline. It explores multi-agency coordination efforts led by the Federal Reserve, OCC, NCUA, and FDIC, detailing their initial proposals for licensing and prudential standards. The article highlights lawmakers' concerns about regulatory delays, the competitive advantages of timely implementation, and stablecoin's growing role in global dollar liquidity. Additionally, it contextualizes the GENIUS Act alongside complementary legislation like the CLARITY Act and Anti-CBDC Surveillance State Act, providing a comprehensive overview of America's evolving digital asset regulatory landscape and its implications for market participants across Gate and the broader cryptocurrency ecosystem.