Federal Register #TREAS-DO-2026-0496

Treasury Department Proposed Rulemaking for GENIUS Act Stablecoin Regulations

This notice announces a proposed rulemaking by the Department of the Treasury regarding the regulation of payment stablecoins under the GENIUS Act. - Government Buyer: - Department of the Treasury - Scope of Rulemaking: - Implements section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act - Establishes statutory prohibitions and limitations on the issuance, offer, and sale of payment stablecoins in the U.S. - Applies extraterritorially when offers or sales involve persons located in the U.S. - Key Definitions and Framework: - Defines terms such as payment stablecoin, digital asset, and permitted payment stablecoin issuer - Outlines regulatory framework for lawful stablecoin activities - Compliance and Enforcement: - Details requirements for compliance with the proposed regulations - Specifies criminal penalties for unlawful issuance or sale of payment stablecoins - Public Participation: - Seeks public comment on the proposed rule - OEMs and Vendors: - No specific OEMs or vendors are mentioned, as this is a regulatory action, not a procurement opportunity

Description

The Department of the Treasury proposes regulations to implement section 3 of the GENIUS Act, which establishes statutory prohibitions and limitations on the issuance, offer, and sale of payment stablecoins in the United States. The proposed rule aims to define key terms and set the framework for lawful payment stablecoin activities, including extraterritorial application when offers or sales involve persons located in the U.S. Comments on the proposed rule must be submitted by October 19, 2026.

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