Treasury sets certification rules for state stablecoin regimes under GENIUS Act
According to a Federal Register notice summarized by CoinMarketCap Community and CryptoSlate, the U.S. Treasury has issued an interim final rule that implements the GENIUS Act's state certification pathway for payment stablecoin issuers. States seeking to supervise qualifying issuers must submit detailed certifications to the Stablecoin Certification Review Committee, chaired by the Treasury Secretary and including the Fed and FDIC.
According to a Federal Register notice summarized by CoinMarketCap Community and CryptoSlate, the U.S. Treasury has issued an interim final rule that implements the GENIUS Act's state certification pathway for payment stablecoin issuers. States seeking to supervise qualifying issuers must submit detailed certifications to the Stablecoin Certification Review Committee, chaired by the Treasury Secretary and including the Fed and FDIC.