U.S. Treasury advances GENIUS Act stablecoin rule ahead of licensing deadline

The U.S. Department of the Treasury issued a critical Notice of Proposed Rulemaking for the GENIUS Act stablecoin rule on August 17, 2026. S. Department of the Treasury issued a critical Notice of Proposed Rulemaking for the GENIUS Act stablecoin rule on August 17, 2026.Drafted jointly by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC), the proposal establishes federal definitions for issuing payment stablecoins.This framework targets the operati