Maryland and District of Columbia Credit Union Association Inc.
09/23/2025 | News release | Distributed by Public on 09/23/2025 09:49
Treasury Dept. Seeks Input on GENIUS Act
The U.S. Department of the Treasury is asking for public feedback as it starts shaping new rules under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.
The GENIUS Act directs Treasury to encourage innovation in payment stablecoins while ensuring strong consumer protections, safeguards against illicit finance, and financial stability. Treasury's new Advance Notice of Proposed Rulemaking (ANPRM) is the first opportunity for the public to shape how these regulations take form.
Treasury seeks to gather comprehensive feedback from stakeholders to ensure that the regulatory framework established effectively addresses the complexities of stablecoin innovation and its associated risks.
Comments are due within 30 days of publication in the Federal Register.
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