The U.S. Department of the Treasury officially implements the Stablecoin "GENIUS Act," allowing issuers under $10 billion to choose state-level regulation

MeNews · 2026-04-09T22:15:10+00:00

The U.S. Department of the Treasury has initiated the implementation of the "GENIUS Act," releasing a 87-page proposed rule, with a 60-day public comment period. The act allows stablecoin issuers to choose state-level regulation, provided that the state regulatory framework is similar to federal standards.

MeNews

2026-04-09 22:15:10

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ME News report. On April 2 (UTC+8), the U.S. Department of the Treasury officially launched implementation work for the stablecoin innovation “GENIUS Act,” issuing a notice of proposed rulemaking for the first implementing regulation under this act. The notice is 87 pages long, and the public comment period will be 60 days. Under the “GENIUS Act,” issuers of payment stablecoins with a total issuance volume of no more than $10 billion may choose to accept a state-level regulatory regime, provided that the state’s regulatory framework is “substantially similar” to the federal regulatory framework. Through this notice, the U.S. Department of the Treasury will set out broad principles for determining “substantially similar.” (Source: ChainCatcher)

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