#binance #hype #zec #near
02/04/26 02:38 UTC-04

The U.S. Department of the Treasury takes a new step toward a long-awaited solution to crypto regulation!

The U.S. Department of the Treasury has taken an important step toward regulating stablecoins by initiating the first official implementation process under the GENIUS Act. The Department announced the release of a Notice of Proposed Rulemaking (NPRM) to establish the framework of this law.

The 87-page draft regulation sets out the first concrete implementation structure for the GENIUS Act, with a particular focus on aligning regional regulatory regimes with the federal system. Accordingly, issuers of payment stablecoins with a total issuance of less than $10 billion may, under certain conditions, opt for state-level regulation. However, these regimes must be “substantially similar” to the federal system.

The Treasury has requested feedback from the public and industry stakeholders regarding the published draft. According to the statement, a 60-day comment period has been initiated for parties wishing to contribute to the regulatory process. All submitted materials will be made public.

However, representatives of the banking and cryptocurrency sectors have not yet reached an agreement on the Clarity Act, another piece of legislation regulating the circulation of stablecoins.

See also: "B2C2, part of SBI Holdings, selects Solana as the primary stablecoin network for institutional clients"

#USA #GENIUS Act #Crypto Regulations #CLARITY Act

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