Particle.news

Download on the App Store

Treasury and CFTC Open Comment Periods to Implement GENIUS Act Stablecoin Rules

Regulators are using these consultations to define the technical guardrails for stablecoins under the new law.

Overview

  • Treasury issued an advance notice of proposed rulemaking seeking input on key implementation choices for the GENIUS Act, with comments due October 20.
  • A separate Treasury request for comment on illicit‑finance controls is open until October 17, focusing on blockchain analytics, artificial intelligence, APIs, and digital identity verification.
  • The CFTC launched a tokenized collateral initiative asking whether stablecoins and other tokenized assets should qualify for margin and collateral in derivatives markets, with feedback due October 20.
  • No binding requirements have been finalized yet, marking the start of translating the statute’s mandates into detailed rules on reserves, disclosures, AML and sanctions compliance, custody, and transaction‑blocking tools.
  • The GENIUS Act permits nonbank issuance under OCC approval or certified state regimes, imposes data‑use limits, and for public companies requires unanimous consent from a federal review committee, shaping how firms prepare their submissions.