The US Treasury recently launched the "Notice of Advance Proposed Rules" (ANPRM) process to promote the official implementation of the GENIUS Act (the US Stablecoin National Innovation Guidance and Establishment Act) signed by President Trump, marking the entry of stablecoin legislation into the substantive regulatory stage.
The Treasury Department has launched a consultation on the details of issuer restrictions, sanctions compliance, anti-money laundering requirements, federal-state regulatory balance, tax issues, and custody of reserve assets. The public and crypto businesses have until October 20 to submit feedback. The GENIUS Act, the first crypto legislation to become law, is intended to further refine the regulatory framework and form a companion to the Digital Asset Market Clarity Act under discussion.
US Treasury Launches GENIUS Bill Detail Formulation, Opens Solicitation of Opinions on Stablecoin Regulation
2025-09-19 15:34:31
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