The Dollar Stack: GENIUS, CLARITY, and Europe's Unpriced Exposure
Abstract
Working paper documenting the coordinated regulatory architecture of the GENIUS Act (P.L. 119-27, July 2025) and the Digital Asset Market Clarity Act (Senate Banking Committee markup cleared May 14, 2026, vote 15-9). The paper maps the European exposure gap — MiCA contains no mechanism to contest U.S. extraterritorial freeze orders affecting non-EU stablecoin issuers — and models three scenarios under varying EU macroeconomic conditions. Methodology: FACT/INFERENCE protocol, speculation excluded. All primary sources publicly accessible.
Fields of Study & Subjects
Global Financial Regulation and Crises
Legal Language and Interpretation
European Monetary and Fiscal Policies
Publication details
- Journal / source
- Zenodo (CERN European Organization for Nuclear Research)
- Publication date
- 15 May 2026
- Language
- EN
- Document type
- Preprint