Treasury Seeks Feedback on GENIUS Act to Regulate Stablecoins Safely
Published Date: 9/19/2025
Proposed Rule
Summary
The Treasury is asking for public feedback on new rules to make U.S. stablecoins safer and more innovative. These changes will affect companies that create and manage stablecoins, aiming to protect consumers and prevent illegal activities. The process is just starting, so everyone has a chance to share their thoughts before any official rules are set.
Analyzed Economic Effects
4 provisions identified: 0 benefits, 1 costs, 3 mixed.
BSA/AML and Sanctions Rules for Stablecoins
The Treasury is considering rules that would apply Bank Secrecy Act anti-money-laundering (BSA/AML) and sanctions obligations to companies that create or manage U.S. payment stablecoins. If adopted, these rules would require stablecoin issuers and managers to follow AML and sanctions requirements when operating.
Possible Limits on Issuance and Marketing
Treasury is asking whether to prohibit certain stablecoin issuances and restrict marketing of stablecoins. Such prohibitions would directly affect companies that issue or promote stablecoins and could change what products are offered to consumers.
Tax Treatment of Stablecoins Under Review
The Treasury is seeking comment on tax issues related to U.S. payment stablecoins. Changes to how stablecoins are taxed could affect people and businesses that hold or use stablecoins for payments or investment.
State vs Federal Oversight Questions
Treasury is requesting comment on how federal oversight of stablecoins should be balanced with state-level oversight. Changes could alter which regulators oversee stablecoin issuers and how oversight is split between federal and state authorities.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Related Federal Register Documents
2026-20277, Federal Scholarship Tax Credit
The IRS is proposing new rules for a tax credit that rewards people who donate to groups giving scholarships for K-12 education. This affects donors, states that approve these groups, and the groups themselves. Comments are open until December 1, 2026, with a public hearing on December 15, so get ready to share your thoughts and maybe save some money on your taxes!
2026-20026, Trump Accounts
Starting September 30, 2026, the IRS is rolling out new temporary rules for Trump accounts, which work like special retirement accounts. The government will automatically set up your first Trump account, and there are new ways to contribute, including using qualified stock. These changes affect account trustees, beneficiaries, and donors, making it easier and clearer to manage and fund Trump accounts.
2026-20027, Trump Accounts
The IRS is rolling out new rules for Trump accounts, which affect trustees, beneficiaries, and donors. These rules cover how to set up accounts, automatic enrollment, and special contributions like qualified stock. Comments on these changes are open until November 30, 2026, so get ready to weigh in!
2026-18219, Car Loan Interest Deduction
This document contains final regulations regarding the deduction for certain taxpayers for an amount up to $10,000 of qualified passenger vehicle loan interest. This document also contains final regulations regarding new information reporting requirements for certain persons who, in a trade or business, receive from any individual interest aggregating $600 or more for any calendar year on a specified passenger vehicle loan, including applicable penalties for failures to file information returns or furnish payee statements as required. These regulations affect taxpayers that may deduct qualified passenger vehicle loan interest, and also persons subject to these information reporting requirements.
2026-17823, Unsafe or Unsound Practices, Matters Requiring Attention
The OCC and FDIC are rolling out a new rule starting November 2, 2026, that clearly defines what counts as 'unsafe or unsound practices' for banks and savings institutions. This update helps banks focus on big financial risks instead of small paperwork issues, making supervision smarter and fairer. Banks will need to adjust how they handle these risks, which could affect their operations and how they communicate with regulators.
2026-17622, Federal Independent Dispute Resolution Operations; Correction
This document corrects typographical errors and omissions in the final rule that appeared in the June 4, 2026, Federal Register titled "Federal Independent Dispute Resolution Operations" (referred to hereafter as the "IDR final rule"). The effective date of the IDR final rule was August 3, 2026.
Previous / Next Documents
Previous: 2025-18182, Uniform Procedures for State Highway Safety Grant Programs
This update changes how states must involve the public when applying for highway safety grants. It affects state agencies that get these grants, making the process clearer and easier to follow. These changes kick in soon and aim to help states get their safety money faster and with less hassle.
Next: 2025-18232, Watermelon Research and Promotion Plan; Realignment
The Watermelon Research and Promotion Plan is shaking things up by changing how the National Watermelon Promotion Board is set up. Some production areas will be adjusted, and fewer importers will be on the Board. These changes aim to run the program more smoothly and are open for public comments now.