How is the U.S. Treasury planning to implement the GENIUS Act's stablecoin rules?

The full answer

What did U.S. Department of the Treasury press release state?

On August 17, 2026, U.S. Department of the Treasury press release stated the following. On August 17, 2026, the U.S. Department of the Treasury issued a Notice of Proposed Rulemaking seeking public comment on its implementation of section 3 of the GENIUS Act, according to a Treasury press release. [1]

The source’s own words: “WASHINGTON, D.C. — Today, the U.S. Department of the Treasury issued a Notice of Proposed Rulemaking (NPRM), seeking public comment related to Treasury’s implementation of section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.” [1]

Where does this fit on the site?

For the wider picture, see How would the Federal Reserve’s proposed stablecoin issuer rules under the GENIUS Act affect XRP? and What reserves must stablecoins hold under the GENIUS Act?. Two related questions are What do the SEC’s proposed crypto custody rules mean for investment companies and advisers holding XRP? and How would SEC and CFTC proposed rules change how crypto exchanges hold and trade customer assets?