Treasury Issues Proposed Rule on the Offering and Sale of Payment Stablecoins

Adam Witmer
Regulatory Update

On August 17, 2026, the Treasury issued a proposed rule related to its implementation of section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. In particular, the Treasury is seeking comments on the proposed framework for the statutory prohibitions and limitations on payment stablecoin issuance, offer, and sale in the United States.

Beginning January 18, 2027, generally, payment stablecoin issuers will need an appropriate federal or state license to issue stablecoins in the United States, with additional restrictions applying to foreign-issued stablecoins. The proposed rule is intended to clarify when an issuer must obtain a GENIUS license and when digital asset service providers may offer or sell payment stablecoins to persons in the United States.

Comments on the proposed rule will be accepted until October 19, 2026.

Read the Treasury’s press release here.

The proposed rule can be found here.

Adam Witmer
Regulatory Update
Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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