Regulation · Instrument · United States · Proposed rule · U.S. Department of the Treasury
US Treasury proposed rule: principles for whether a state stablecoin regime is substantially similar to the federal framework
Treasury's proposed broad-based principles for judging whether a state-level payment stablecoin regime is substantially similar to the federal GENIUS Act framework, which decides whether state-qualified issuers can stay under state supervision. New York's proposed Part 202 rule cross-refers to it.
Consultation open · part of GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act)
Timeline
- 1 Apr 2026 · ProposedTreasury issues the proposal; published in the Federal Register on 3 April 2026.[1]
- 2 Jun 2026 · ConsultationComment period closes.[1]
Deployments operating under it
None recorded with a source yet.
Sources
- [1]GENIUS Act Rulemaking and Reporting Tracker (as of 1 June 2026) — Chapman and Cutler, 1 Jun 2026. Accessed 12 Oct 2026.B