The U.S. Department of the Treasury is seeking public comment on the Treasury’s implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.
The GENIUS Act will establish a regulatory framework for payment stablecoins. It establishes which entities can issue stablecoins and lays out requirements for issuing stablecoins, among other things
The GENIUS Act directs the Treasury to issue regulations that encourage innovation in payment stablecoins while also protecting consumers, mitigating potential illicit finance risks, and addressing financial stability risks.
The Advance Notice of Proposed Rulemaking (ANPRM) invites the public to offer comments, including providing data and other information that may be useful for Treasury to consider. While the notice does not implement new requirements under the GENIUS Act, it offers the public an opportunity to contribute to the implementation of this law. Treasury is seeking comments and views from a wide range of stakeholders.
This builds upon the Request for Comment on Innovative Methods to Detect Illicit Activity Involving Digital Assets issued by Treasury on August 18, 2025. The comment period for that notice remains open until October 17, 2025.
Members of the public should submit comments within 30 days of publication in the Federal Register. Comments responding to this notice will be publicly viewable online.