4h
...
...
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…
Read more on BitcoinMagazine
2K Reads
