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

MeNews · 2026-04-09T13:09:25+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 13:09:25

Abstract generation in progress

ME News Report, April 2nd (UTC+8), the U.S. Department of the Treasury officially launched the implementation work for the stablecoin innovation “GENIUS Act,” releasing a notice on proposed rulemaking for the first regulation under this act, totaling 87 pages, with a 60-day public comment period. Under the “GENIUS Act,” issuers of payment stablecoins 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 establish broad principles for determining “substantially similar” through this notice. (Source: ChainCatcher)

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