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

MeNews · 2026-04-01T19:43:30+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

2026-04-01 19:43:30

Abstract generation in progress

ME News update: On April 2 (UTC+8), the U.S. Department of the Treasury officially kicked off implementation work for the stablecoin innovation “GENIUS Act,” issuing a notice of proposed rulemaking. This will serve as the first implementing regulation for the Act, spanning 87 pages, with a 60-day public comment period. Under the “GENIUS Act,” issuers of payment stablecoins with a total issuance amount not exceeding $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 establish broad principles for determining “substantial similarity” through this notice. (Source: ChainCatcher)

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