2026-04-05 07:12:29

#GENIUSImplementationRulesDraftReleased

The U.S. Department of the Treasury has issued its first proposal for the (NPRM) regarding the regulation of stablecoins (Genius Act), indicating that the bill is entering a tangible implementation phase.

This proposal focuses on the regulatory pathway for "small stablecoin issuers," aiming to establish standards to assess whether state-level regulatory systems are "substantively equivalent" to the federal framework. According to the bill, institutions with issuance volumes below $1 billion can choose to accept state-level regulation, provided their regulatory systems meet federal standards.

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Unoshi

2026-04-05 06:08:53

#GENIUSImplementationRulesDraftReleased

The U.S. Department of the Treasury has released its first rulemaking proposal (NPRM) regarding the regulation of stablecoins (GENIUS Act), marking the entry of the bill into a concrete implementation stage.

This proposal focuses on the regulatory path for 'small stablecoin issuers,' intending to establish criteria to assess whether state regulatory systems are 'substantially equivalent' to the federal framework. According to the bill, institutions with issuance scales below $1 billion can choose to accept state regulation, provided their regulatory systems meet federal standards

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