Treasury Proposes Rules to Establish a Regulatory Framework under Section 3 of the GENIUS Act

On August 17, 2026, the U.S. Department of the Treasury published a Notice of Proposed Rulemaking (“Proposed Rule”) to implement Section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins (“GENIUS”) Act, enacted on July 18, 2025 (the “Act”).