The U.S. Department of the Treasury has proposed new rules to implement the “GENIUS” law, which clarifies when stablecoin issuers need a U.S. license and when digital asset firms are allowed to offer or sell payment stablecoins to users in the United States.
​The “GENIUS” framework is expected to take effect on January 18, 2027, with a 60-day public comment period from the date it is published in the Federal Register.