U.S. Treasury Launches First GENIUS Act Rulemaking Proposal
The U.S. Department of the Treasury has formally begun implementing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, releasing its first notice of proposed rulemaking (NPRM) and opening a 60-day public comment period. The 87-page proposal outlines how the Treasury will determine whether state-level stablecoin regulatory regimes are “substantially similar” to the
