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Treasury sets procedures for reviewing state stablecoin regimes under GENIUS Act

By LexCircuit Desk · · AI-drafted, human-reviewed

The Treasury Department, on behalf of the Stablecoin Certification Review Committee, issued an interim final rule on Sept. 30 setting the process and forms for state payment stablecoin regulators to certify their regimes under section 4(c) of the GENIUS Act. The committee, chaired by the Treasury Secretary with the Federal Reserve and FDIC chairs, will approve or deny certifications. None will be accepted until the information collection receives Paperwork Reduction Act approval. Comments are due Nov. 30.

Text (Federal Register) → · Forkast

Key points

  • The rule is effective Sept. 30, 2026, but certifications will not be accepted until the information collection receives Paperwork Reduction Act approval.Federal Register
  • The interim final rule adds 12 CFR part 1522, published at 91 FR 61688.Federal Register
  • The state pathway is open to issuers with no more than $10 billion in outstanding payment stablecoins.Federal RegisterForkast
  • Treasury will post on its website when certifications will be accepted; comments on the rule are due Nov. 30, 2026.Federal Register

Sources2 articles across 2 outlets

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RegulationU.S.Stablecoin Certification Review Committee Interim ProceduresFinancial servicesRegulatoryFor practitionersFor governance