Treasury seeking public comments on implementation of GENIUS Act

Digital Currency
By Dave Kovaleski  |  August 19, 2026

The U.S. Department of the Treasury is seeking public comment on a proposed rule that outlines the Treasury’s implementation of section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins, or GENIUS, Act. Effective January 18, 2027, the GENIUS Act mandates that a person generally may not “issue a payment stablecoin in the United States” unless the person has obtained an appropriate federal or state license. Further, the law states that digital asset service pro...

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