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

MeNews · 2026-04-09T03:53:10+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 03:53:10

Abstract generation in progress

ME News update: On April 2 (UTC+8), the U.S. Department of the Treasury officially kicked off implementation work for the stablecoin innovation “GENIUS Act,” and issued a proposed rulemaking notice. This will be 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 issuance 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. The U.S. Department of the Treasury will use this notice to set forth broad principles for determining “substantially similar.” (Source: ChainCatcher)

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