The U.S. Department of the Treasury issued an Advance Notice of Proposed Rulemaking (ANPRM) seeking public comment to inform its implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which tasks Treasury with issuing regulations for payment stablecoins. The ANPRM invites stakeholders to submit views, data, and other information relevant to a regime intended to encourage innovation while protecting consumers and addressing potential illicit finance and financial stability risks. Treasury noted that the ANPRM itself does not introduce new requirements under the GENIUS Act, but is intended to shape forthcoming implementation. Comments on the ANPRM are due within 30 days of publication in the Federal Register. Treasury also referenced its August 18, 2025 request for comment on innovative methods to detect illicit activity involving digital assets, which remains open until October 17, 2025.
U.S. Department of the Treasury 2025-09-18
U.S. Department of the Treasury opens consultation on implementing the GENIUS Act payment stablecoin regulations
The U.S. Department of the Treasury issued an Advance Notice of Proposed Rulemaking (ANPRM) to gather public input on implementing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The ANPRM aims to foster innovation while safeguarding consumers and addressing risks related to illicit finance and financial stability. Treasury clarified that the ANPRM does not impose new requirements but will inform future rules.