Overview
The U.S. Department of the Treasury implements federal fiscal policy and, under the genius-act, coordinates stablecoin regulatory rulemaking with banking agencies.
Recent Developments
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2026-07-14: Partner agency in gold-eagle cyber clearinghouse launch (2026-07-18-white-house-gold-eagle-official)
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2026-07-18: GENIUS Act coordinated finals still unpublished at statutory deadline (2026-07-18-genius-act-agencies-miss-july-18-deadline)
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2026-04-01: First GENIUS Act NPRM — broad-based principles for state “substantially similar” regulatory regime test (2026-07-12-treasury-genius-act-nprm-official-press-release)
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State-qualified issuers (≤$10B outstanding) may operate under certified state regimes
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Stablecoin Certification Review Committee must unanimously approve state equivalence
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Comment period closed June 2, 2026; final rules due July 18, 2026 alongside OCC, FDIC, Fed, NCUA, FinCEN, OFAC