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

MeNews · 2026-04-10T05:24:25+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

2026-04-10 05:24:25

Abstract generation in progress

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

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