Treasury Proposes New Stablecoin Rules Under GENIUS Act — Here’s Who Could Be Affected

The U.S. Treasury has proposed regulations implementing GENIUS Act restrictions on who may issue payment stablecoins in the United States, with public comments due October 19, 2026. bluestork/Shutterstock

The U.S. Department of the Treasury has issued a notice of proposed rulemaking aimed at implementing Section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which established a comprehensive federal framework for regulating payment stablecoins. The proposal was published in the Federal Register on August 18, 2026, and public comments are due by October 19, 2026.

Treasury Is Implementing the GENIUS Act