US Treasury moves forward with rules on GENIUS Act after July deadline
Summary
The US Treasury has proposed rules to implement the GENIUS Act, the new federal framework for payment stablecoins, and opened the proposal for 60 days of public comment. The law is scheduled to take effect on Jan. 18, 2027, unless final rules trigger an earlier effective date. Treasury said it wants stakeholder input to provide regulatory certainty for businesses, while related rulemaking has also been issued by the OCC, FDIC, and Federal Reserve. Those agencies have reportedly missed an earlier deadline to finalize regulations, raising the possibility that GENIUS could take effect without full guidance. Once active, the law will generally prohibit issuing a payment stablecoin in the US without a federal or state license.
