30 Days
Post-Enactment
Signed Law
U.S. Treasury
Public comment on innovative methods that regulated financial institutions use (or could use) to detect illicit activities § 9(a)
Federal Register Notice
Proposed Rules
Guiding and Establishing National Innovation for U.S. Stablecoins Act Implementation [Updated: comments due 11-4-25]
For more details
Comment Docket Details
1 Year Post-Enactment
Rule Proposal & Implementation
U.S. Treasury
Issuance and treatment of payment stablecoins § 3(d)
Principles for determining if state-level regulatory regime is “substantially similar” to federal framework § 4(c)(2)
Criteria that a noncompliant foreign issuer must meet for U.S. Treasury to determine that foreign PSI is no longer compliant with AML protection. § 8(b)(3)(B)
After public comment, conduct research and consider specific research factors described in Act + risk assessment.§ 9(b) Published Report to Congress, March 2026
Rulemaking regarding determination of whether a foreign country has a “comparable” regulatory and supervisory regime. § 18(b)(6)
Federal Payment Stablecoin Regulators
Tailored capital, liquidity, and risk management requirements. § 4(a)(4)(A)
Carry out issuance requirements, including to establish conditions, and prevent evasion thereof § 4(h)(1)
Carry out approval of issuer process, including process & framework for licensing, regulation (may not exceed section 4 requirements), examination, and supervision. § 5(a)(1), (2); § 5(g); cross reference to examinations in § 6(a)(3)
Stablecoin Certification Review Committee
Issue interpretive rule clarifying non-financial services public companies and issuance of stablecoins. § 4(a)(12)(D)
Federal Banking Agencies
Modifications to existing capital standards to comply with leverage capital requirements or risk-based capital requirements. § 4(a)(4)(C)
State Payment Stablecoin Regulators
Tailored capital, liquidity, and risk management requirements. § 4(a)(4)
Review of state’s own regimes according to U.S. Treasury principles to determine need for any cooperative agreements to implement § 7(f) (impacts on host state law) § 4(c)(3)
Board
Define “unusual and exigent circumstances” in which the Board can take an enforcement action against a state issuer or institution-affiliated party of issuer for violation of Act § 7(e)(1)(B)
FinCEN
Guidance on BSA & sanctions (core principles; issuers are financial institutions for BSA). § 4(a)(5)(B).
Rule Proposal & Implementation
OCC
Set forth “unusual and exigent circumstances” in which the OCC can take an enforcement action against a nonbank state regulated issuer. § 7(e)(2)(B)
Rules relating to standards for approving registration requests and process for appealing any denials. § 18(c)(1)(E)
1 Year Post- Enactment
For more details
Seeking Comment
On the regulations that would apply to permitted payment stablecoin issuers and foreign payment stablecoin issuers under the OCC’s jurisdiction as well as certain custody activities conducted by OCC-supervised entities. [Due 60 Days After Publication in Federal Register]
Federal Register Notice
Proposed Rulemaking
Implementing the requirements of section 5 of the GENIUS Act
FDIC
Federal Register Notice
Proposed Rule
Outlines framework for applicants seeking NCUA approval to become a permitted payment stablecoin issuer [Comment period closes April 13, 2026].
NCUA
