U.S. Treasury Advances GENIUS Act Implementation for Stablecoin Regulations Framework

The U.S. Treasury Department has initiated a crucial 30-day comment period to transform the groundbreaking GENIUS Act into comprehensive stablecoin regulations. This advance notice of proposed rulemaking seeks industry input on critical aspects including issuer prohibitions, sanctions compliance, anti-money laundering protocols, and federal-state regulatory balance. With October 20th deadline approaching, crypto businesses can provide feedback on reserve requirements, international regulatory comparisons, and tax treatment frameworks. This regulatory development follows President Trump's directive to establish crypto-friendly policies positioning the U.S. as a global digital asset hub, while major financial institutions like JP Morgan analyze stablecoin market expansion dynamics.