On April 1, 2026, The U.S. Department of the Treasury issued its first notice of proposed rulemaking under the GENIUS Act, opening a 60-day public comment period. The proposal outlines how states can regulate smaller stablecoin issuers under frameworks aligned with federal standards.
U.S. Treasury Issues Its First GENIUS Act NPRM
The U.S. Department of the Treasury issued an NPRM seeking public comment on its implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The NPRM is the first regulation the Treasury has proposed to implement the GENIUS Act.
Enacted on July 18, 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins Act establishes a framework mandating 1:1 reserve backing with liquid assets, monthly disclosures, and compliance with AML and sanctions requirements, while allowing smaller issuers to opt into qualifying state oversight.
Therefore, the GENIUS Act requires the Treasury to use notice-and-comment rulemaking to develop overarching principles for evaluating whether a state regulatory system aligns closely with the federal framework established under the GENIUS Act.
Read more: coinedition.com
Source: CRYPTO WORLD NETWORK NEWS
