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

MeNews · 2026-04-09T19:00:40+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 19:00:40

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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 of the act, spanning 87 pages, with a 60-day public comment period. Under the “GENIUS Act,” issuers of payment stablecoins with a total issuance volume not exceeding $10 billion may choose to accept a state-level regulatory system, 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 “substantial similarity” through this notice. (Source: ChainCatcher)

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