Woofun AI reports that the GENIUS Act has been in effect for one year, granting non-US stablecoin issuers such as Tether a two-year window to establish compliance strategies meeting US issuance standards. Although the legislation mandated federal regulators to finalize rulemaking within the first year, the absence of issued rules leaves the compliance pathway unclear. Under the current US regulatory framework, Tether’s USDT would require substantial operational adjustments to satisfy legal requirements once the rules take effect.