The U.S. Department of the Treasury releases the first draft of implementation rules for the GENIUS Act, seeking public comments.

SmartContractAuditor · 2026-04-01T21:46:18+00:00

The U.S. Department of the Treasury has released a rulemaking proposal for the "GENIUS Act," focusing on regulatory standards for small stablecoin issuers. It allows institutions with less than $10 billion to choose state-level regulation, provided they meet federal standards. This move aims to clarify the regulatory boundaries between state and federal authorities and provide a clear compliance pathway for the stablecoin industry. The public will have 60 days to submit comments.

SmartContractAuditor

2026-04-01 21:46:18

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Odaily Planet Daily reports: The U.S. Department of the Treasury has issued its first notice of proposed rulemaking (NPRM) regarding the stablecoin regulatory bill, the “GENIUS Act,” signaling that the bill is entering a concrete implementation phase.

The focus of this proposal is centered on the regulatory pathway for “small stablecoin issuers.” It aims to establish criteria to assess whether the state-level regulatory framework is “substantially equivalent” to the federal framework. Under the bill, institutions with issuance size below $10 billion may choose to accept state oversight, provided that their regulatory regime meets federal standards.

The Treasury said the proposal is intended to clarify the regulatory boundaries between states and the federal government, and to provide the stablecoin industry with a clearer compliance path.

The public will have 60 days to submit comments on the draft rule. Meanwhile, other federal regulators, including the FDIC and the OCC, are also advancing related implementing rules, as the overall stablecoin regulatory framework is gradually taking shape.

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