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

MeNews · 2026-04-09T06:23:40+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 06:23:40

Abstract generation in progress

ME News update: On April 2 (UTC+8), the U.S. Department of the Treasury officially kicked off the implementation work for the stablecoin innovation “GENIUS Act,” releasing a proposed rulemaking notice for the first set of implementing regulations under the act. The notice is 87 pages long, and the public comment period is 60 days. Under the “GENIUS Act,” issuers of payment stablecoins with a total issued amount of no more than $10 billion may choose to accept state-level regulatory regimes, 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 general principles for determining what is “substantially similar.” (Source: ChainCatcher)

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