Treasury Proposes Rules for Stablecoin Issuance Under the GENIUS Act
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The Department of the Treasury has published a proposed rule to implement Section 3 of the GENIUS Act. This section of the law sets out specific prohibitions and limitations on how payment stablecoins can be issued, offered, and sold within the United States.
Why it matters: This is a significant step in defining the legal boundaries for digital dollar assets, but it is currently in the proposal stage. It establishes the baseline for compliance that financial institutions and tech companies will likely need to meet, though the final rules may change after public feedback.
Who it affects
- Payment stablecoin issuers and developers
The Department of the Treasury published this proposed rule in the Federal Register; readers should consult the original document for specific regulatory details and comment deadlines.
Agency: Treasury Department
Source: Federal Register — read the official document