Treasury Seeks Public Input on Stablecoin Regulations Under GENIUS Act

The US Treasury is seeking public input on proposed rules for implementing key provisions of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.

The act aims to establish a regulatory framework for stablecoins, which are digital assets designed to maintain a stable value relative to a traditional currency. The Treasury proposes rules that would clarify when a company is considered to be issuing a stablecoin in the US and when digital asset service providers are considered to be offering or selling stablecoins to US users.

Under the GENIUS Act, only permitted issuers will generally be allowed to offer stablecoins to US customers. Beginning on January 18, 2027, issuers will need to obtain an appropriate federal or state license to operate.

Treasury Secretary Scott Bessent said the proposed rules are intended to provide businesses with greater regulatory certainty while supporting innovation and the role of the US dollar in global markets. He emphasized that Treasury welcomes input from stakeholders as they work to provide regulatory certainty for businesses.