Treasury Frames Stablecoins as Payment Infrastructure, Not Investments, in First GENIUS Act Rule
Treasury published a Notice of Proposed Rulemaking on August 17 to implement Section 3 of the GENIUS Act — the first concrete regulatory action from any agency since a seven-agency backlog caused a missed July 18 rulemaking deadline. By defining what it means to issue, offer, and sell payment stablecoins in the United States, the…