*#TreasuryLetsStatesFileStablecoinCertificationsEarly*
Big move for US crypto regulation ๐บ๐ธ
The US Treasury issued an interim final rule on Sept 30 letting states *file for stablecoin certification early*, even if their local rules aren't finished yet.
Why it matters:
- Under the GENIUS Act, issuers under $10B can opt for *state regulation* if the state regime is certified as "substantially similar" to federal standards
- States can now submit conditional/incomplete certifications by Jan 18, 2028 to preserve their path, then finish legislation before substantive review
- Reviewed by the new Stablecoin Certification Review Committee (Treasury, Fed, FDIC - unanimous approval needed)
This accelerates the dual-track system and could spark state-level experimentation while federal standards finalize.
Comments open until Nov 30, 2026.
Bullish for regulated stablecoin innovation in the US?
#stablecoin #GENIUSAct #*#TreasuryLetsStatesFileStablecoinCertificationsEarly
Big move for US crypto regulation ๐บ๐ธ
The US Treasury issued an interim final rule on Sept 30 letting states *file for stablecoin certification early*, even if their local rules aren't finished yet.
Why it matters:
- Under the GENIUS Act, issuers under $10B can opt for *state regulation* if the state regime is certified as "substantially similar" to federal standards
- States can now submit conditional/incomplete certifications by Jan 18, 2028 to preserve their path, then finish legislation before substantive review
- Reviewed by the new Stablecoin Certification Review Committee (Treasury, Fed, FDIC - unanimous approval needed)
This accelerates the dual-track system and could spark state-level experimentation while federal standards finalize.
Comments open until Nov 30, 2026.
Bullish for regulated stablecoin innovation in the US?
#stablecoin #GENIUSAct #*#TreasuryLetsStatesFileStablecoinCertificationsEarly