The post U.S. Treasury Launches First GENIUS Act Rulemaking Proposal appeared on BitcoinEthereumNews.com. The U.S. Department of the Treasury has formally begunThe post U.S. Treasury Launches First GENIUS Act Rulemaking Proposal appeared on BitcoinEthereumNews.com. The U.S. Department of the Treasury has formally begun

U.S. Treasury Launches First GENIUS Act Rulemaking Proposal

2026/04/02 03:38
3분 읽기
이 콘텐츠에 대한 의견이나 우려 사항이 있으시면 crypto.news@mexc.com으로 연락주시기 바랍니다

The U.S. Department of the Treasury has formally begun implementing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, releasing its first notice of proposed rulemaking (NPRM) and opening a 60-day public comment period.

The 87-page proposal outlines how the Treasury will determine whether state-level stablecoin regulatory regimes are “substantially similar” to the federal framework—a key threshold allowing smaller issuers to remain under state supervision.

Under the GENIUS Act, stablecoin issuers with less than $10 billion in outstanding supply can opt for state-level regulation, provided those regimes meet or exceed federal standards. The proposed rule establishes broad principles to guide that determination, while leaving states flexibility in areas like licensing, supervision, and enforcement.

According to the document, the Treasury draws a clear distinction between “uniform requirements” — such as reserve backing and anti-money laundering compliance — and “state-calibrated requirements,” where local regulators retain discretion, including capital and risk management standards.

Notably, the proposal anchors the federal benchmark largely to rules and interpretations issued by the Office of the Comptroller of the Currency, signaling its central role in overseeing nonbank stablecoin issuers that transition to federal supervision after crossing the $10 billion threshold.

The rule also clarifies that state frameworks may exceed federal requirements, so long as they do not conflict with federal law or undermine overall comparability.

U.S. crypto legislation progress

The NPRM marks Treasury’s first formal step in translating the GENIUS Act — enacted in July 2025 — into an operational regulatory regime for payment stablecoins, with final rules expected after the public comment period closes.

State regimes would also be barred from weakening core disclosure standards, with issuers required to publish reserve composition reports at least monthly — matching federal frequency requirements. 

Naming restrictions would similarly apply across both frameworks, preventing state-regulated issuers from using prohibited terms in stablecoin branding. 

The proposal underscores that federal law remains the baseline, noting that any future legislation passed by Congress governing stablecoin issuers would automatically apply to state-regulated firms unless explicitly stated otherwise. 

The 2025 passage of the GENIUS Act marked a turning point in U.S. crypto policy, establishing the first federal framework for stablecoins and requiring full reserve backing, AML compliance, and regular disclosures. 

The law is widely seen as legitimizing dollar-backed stablecoins while reinforcing U.S. monetary dominance.

Since then, attention has shifted to implementation and follow-on legislation. Treasury reports issued under the GENIUS Act are expanding oversight tools, including measures targeting illicit finance and crypto mixers. 

At the same time, disputes between banks and crypto firms, especially over whether stablecoins can offer yield, have slowed broader market structure efforts.

Meanwhile, Congress is advancing complementary bills like the Clarity Act to define SEC and CFTC jurisdiction, signaling a broader push toward a comprehensive regulatory framework for digital assets.

Source: https://bitcoinmagazine.com/news/u-s-treasury-launches-genius-act-proposal

시장 기회
The AI Prophecy 로고
The AI Prophecy 가격(ACT)
$0.01164
$0.01164$0.01164
-2.34%
USD
The AI Prophecy (ACT) 실시간 가격 차트
면책 조항: 본 사이트에 재게시된 글들은 공개 플랫폼에서 가져온 것으로 정보 제공 목적으로만 제공됩니다. 이는 반드시 MEXC의 견해를 반영하는 것은 아닙니다. 모든 권리는 원저자에게 있습니다. 제3자의 권리를 침해하는 콘텐츠가 있다고 판단될 경우, crypto.news@mexc.com으로 연락하여 삭제 요청을 해주시기 바랍니다. MEXC는 콘텐츠의 정확성, 완전성 또는 시의적절성에 대해 어떠한 보증도 하지 않으며, 제공된 정보에 기반하여 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다.

추천 콘텐츠

Paradigm Develops Prediction Markets Trading Terminal

Paradigm Develops Prediction Markets Trading Terminal

The post Paradigm Develops Prediction Markets Trading Terminal appeared on BitcoinEthereumNews.com. Sources say Paradigm is building a prediction markets trading
공유하기
BitcoinEthereumNews2026/04/02 08:21
Crypto Will Never Die As Iran Signals De-Escalation and Whales Are Quietly Buying Pepeto While Retail Panics

Crypto Will Never Die As Iran Signals De-Escalation and Whales Are Quietly Buying Pepeto While Retail Panics

The correction looks like chaos, but the pattern tells a different story. Bitcoin was born in 2009 after the 2008 crisis wiped out trillions, while banks got bailouts
공유하기
Blockonomi2026/04/02 08:02
Taiko adopts Chainlink oracles to power market data

Taiko adopts Chainlink oracles to power market data

The post Taiko adopts Chainlink oracles to power market data appeared on BitcoinEthereumNews.com. Ethereum Layer 2 project Taiko has named Chainlink Data Streams as its official oracle infrastructure, introducing sub-second, tamper-proof market data across its rollup network. The integration, announced Wednesday, is designed to accelerate DeFi application development on Taiko’s based rollup architecture, which relies on Ethereum validators for transaction sequencing and censorship resistance. Chainlink oracles, which have already secured more than $100 billion in decentralized finance (DeFi) activity, have facilitated over $25 trillion in transaction value. By embedding Chainlink’s infrastructure into its ecosystem, Taiko aims to give developers access to liquidity-weighted bid-ask spreads, flexible reporting schemas, and institutional-grade market data. The integration also allows macroeconomic data, including figures from the US Department of Commerce, to be posted onchain. Taiko Chief Operating Officer Joaquin Mendes said adopting Chainlink ensures the network has “secure, high-fidelity market data” that can support advanced financial products such as lending protocols and derivatives platforms.  Mendes emphasized the project’s alignment with Ethereum’s decentralization ethos and its ambition to attract institutional capital. Chainlink Labs’ Chief Business Officer Johann Eid said the partnership positions Taiko to “unlock significant DeFi innovation” while providing institutions with reliable infrastructure. Beyond DeFi, the collaboration is framed as a step toward enabling tokenized real-world assets and enterprise smart contract applications. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/taiko-adopts-chainlink-oracles
공유하기
BitcoinEthereumNews2025/09/18 01:13

Trade GOLD, Share 1,000,000 USDT

Trade GOLD, Share 1,000,000 USDTTrade GOLD, Share 1,000,000 USDT

0 fees, up to 1,000x leverage, deep liquidity