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U.S. regulators failed to complete stablecoin implementation rules for the GENIUS Act on time

WuSaidBlockchainW
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The U.S. Department of the Treasury and key federal stablecoin regulators failed to finalize the implementation rules for the GENIUS Act within the one-year deadline on July 18. The bill was signed into law on July 18, 2025, requiring the Office of the Comptroller of the Currency (OCC), the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Treasury, among others, to issue related regulations within one year. As the deadline passed, major rules covering issuer reserves, capital, liquidity, custody, risk management, and state-level regulatory recognition, among others, were still at the proposal stage. The comment period for the customer identification rules will run until August 21, while the FDIC anti-money-laundering proposal will be open for comments until August 4. This delay will not automatically push back the law’s effective date; at the latest, it will still take effect on January 18, 2027. (The Block)
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OldMoneyNFT
· 14h ago
The core rules are still in the proposal stage, and the public consultation period for identity verification and anti-money laundering is so short—seems like regulators are hoping to finalize the details as soon as possible.
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PegPilgrim
· 15h ago
This bill feels like the timeline is pretty tight; everyone needs to move quickly.
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