Treasury Opens 60-Day Comment Window on GENIUS Act Stablecoin Rule
The U.S. Treasury has issued a GENIUS Act NPRM (notice of proposed rulemaking) that would cap state-supervised stablecoin issuers at $10 billion. A public comment window runs from April 3 to June 2, 2026. The proposed rule also defines a 'substantially similar' test for state regulatory regimes.
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