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

MeNews · 2026-04-09T03:46:10+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 03:46:10

Abstract generation in progress

ME News message, April 2 (UTC+8): The U.S. Department of the Treasury officially kicked off implementation work for the stablecoin innovation “GENIUS Act,” issuing a proposed rulemaking notice. This notice is the first set of implementing regulations for the act, totaling 87 pages, with a 60-day public comment period. Under the “GENIUS Act,” payment stablecoin issuers with a total outstanding amount not exceeding $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. The U.S. Department of the Treasury will use this notice to set forth broad principles for determining what is “substantially similar.” (Source: ChainCatcher)

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