Written by Turner Wrightstaff writerReviewed by Robert Lakinstaff editor

Written by Turner Wrightstaff writer

Reviewed by Robert Lakinstaff editor

US Treasury moves forward with rules on GENIUS Act after July deadline

Latest NewsPublishedAug 17, 2026

The stablecoin bill signed into law last year is scheduled to go into effect in January 2027, potentially without finalized regulations from US government agencies.

The US Department of the Treasury issued a notice of proposed rulemaking related to the implementation of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, a bill to establish a framework for payment stablecoins signed into law last year.

In a Monday notice, the Treasury Department stated that it was opening a proposed rule up to public comment ahead of the January 2027 implementation of the GENIUS Act. Under the terms of the bill, the stablecoin law had been scheduled to go into effect 120 days after agencies finalize rules, or 18 months after it was passed in July 2025, making its effective date Jan. 18, 2027. 

Treasury Secretary Scott Bessent stated that the department “welcomes input from stakeholders as [it works] to provide the regulatory certainty businesses need to innovate and grow in America.” 

Together with the Treasury Department, other US government agencies including the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board have issued notices of proposed rules in 2026 related to the implementation of GENIUS. nevertheless, all departments reportedly missed the 120-day deadline in July to finalize regulations before January, signaling that GENIUS could go into effect without clear guidance.

Related: Wise to resubmit US bank charter application under GENIUS Act

as reported by Treasury, once the GENIUS Act goes into effect, an entity generally may not “issue a payment stablecoin” in the US without a related federal or state license. Public comment on the department’s proposed rules is open for 60 days following publication in the Federal Register.

US-UK regulators discuss GENIUS progress

In July, the UK-US Financial Regulatory Working Group met in London to discuss cooperation between the two country’s financial agencies, including implementation of the GENIUS Act.

Although UK authorities have taken steps to address stablecoin regulation, the pending implementation of GENIUS has some crypto industry insiders arguing the country is falling behind the US.

Magazine: Data of 54,000 wallet users leaked, CLARITY odds just 10%: Hodler’s Digest

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Stablecoin
• Government
• United States
• Policies
• Genius Act
• Regulation

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