WASHINGTON, Sept. 19 -- Department Of The Treasury has issued a proposed rule called: GENIUS Act Implementation.
The proposed rule was published in the Federal Register on Sept. 19 by Rachel Miller, Executive Secretary, U.S. Department of the Treasury.
Summary: The Department of the Treasury (Treasury) is issuing this advance notice of proposed rulemaking (ANPRM) to solicit public comment on questions relating to the implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The GENIUS Act tasks Treasury (and various other federal agencies) with issuing regulations that encourage innovation in payment stablecoins while also providing an appropriately tailored regime to protect consumers, mitigate...