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Title 12 — Banks and BankingRelease 119-73

§5913 Rulemaking

Title 12 › Chapter CHAPTER 56— - REGULATION OF PAYMENT STABLECOINS › § 5913

Last updated Apr 6, 2026|Official source

Summary

No later than 1 year after July 18, 2025, each federal agency that is the main regulator for payment stablecoins, the Secretary of the Treasury, and each state agency that regulates payment stablecoins must write rules to carry out this chapter. They must use a public rulemaking process that gives people notice and a chance to comment. Those federal and state regulators should coordinate with each other as needed when they make the rules. Within 180 days after the chapter takes effect, every federal banking agency must send a report to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives confirming and describing the rules it issued.

Full Legal Text

Title 12, §5913

Banks and Banking — Source: USLM XML via OLRC

(a)Not later than 1 year after July 18, 2025, each primary Federal payment stablecoin regulator, the Secretary of the Treasury, and each State payment stablecoin regulator shall promulgate regulations to carry out this chapter through appropriate notice and comment rulemaking.
(b)Federal payment stablecoin regulators, the Secretary of the Treasury, and State payment stablecoin regulators should coordinate, as appropriate, on the issuance of any regulations to implement this chapter.
(c)Not later than 180 days after the effective date of this chapter, each Federal banking agency shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report that confirms and describes the regulations promulgated to carry out this chapter.

Legislative History

Notes & Related Subsidiaries

Delayed

Effective Date

of SectionFor delayed

Effective Date

of section, see

Effective Date

note below.

Editorial Notes

References in Text

This chapter, referred to in text, was in the original “this Act”, meaning Pub. L. 119–27, July 18, 2025, 139 Stat. 419, known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act and also as the GENIUS Act, which is classified principally to this chapter. For complete classification of this Act to the Code, see

Short Title

note set out under section 5901 of this title and Tables. For the

Effective Date

of this chapter, referred to in subsec. (c), see

Effective Date

note set out under section 5901 of this title.

Statutory Notes and Related Subsidiaries

Effective Date

Section effective on the earlier of the date that is 18 months after July 18, 2025, or the date that is 120 days after the date on which the primary Federal payment stablecoin regulators issue any final

Regulations

implementing Pub. L. 119–27, see section 20 of Pub. L. 119–27, set out as a note under section 5901 of this title.

Reference

Citations & Metadata

Citation

12 U.S.C. § 5913

Title 12 — Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73