Particle.news
Download on the App Store
15 ARTICLES
·
last mo.

Treasury Proposes Stablecoin Rules, Launches 60-Day Public Comment

This move signals a push to rein in stablecoin risks with uniform rules before markets grow larger.

Fed warns of ‘long, painful history’ - Why stablecoin oversight is urgent
Treasury moves to lock in stablecoin rules with state–federal hybrid framework
U.s. treasury launches public consultation on genius act stablecoin rules
Image

Overview

  • The 87-page notice, released Wednesday, opens a 60-day comment window to begin implementing the GENIUS Act’s stablecoin framework.
  • Issuers under $10 billion can operate under a qualifying state regime judged “substantially similar” to federal standards, while larger issuers shift to OCC-led federal oversight.
  • Treasury sets non‑negotiable guardrails that include full 1:1 reserves in cash or high‑quality liquid assets, monthly public disclosures, compliance with anti‑money‑laundering and sanctions rules, and a ban on rehypothecation.
  • An interagency Treasury Stablecoin Certification Review Committee with the Fed, FDIC, NCUA, and OCC will vet state frameworks to limit regulatory arbitrage and keep protections at least as strong as the federal baseline.
  • The proposal follows Fed Governor Michael Barr’s warning about money‑laundering and run risks and comes as lawmakers wrangle over whether regulated stablecoins may pay yield in the separate CLARITY bill.