📜 The U.S. Treasury opens second round of comments on the GENIUS Act

This September, the U.S. Department of the Treasury began a second phase of public consultation to implement the GENIUS Act, key legislation to regulate the use of payment stablecoins in the country.

🧠 What does this round imply?

• This is a notice of proposed rulemaking (ANPR).

• The public has until October 20, 2025, to submit comments.

• The goal is to define rules regarding:

• Custody of stablecoin reserves.

• Sanctions and compliance.

• Anti-Money Laundering (AML).

• Tax treatment of transactions involving stablecoins.

• International cooperation and regulatory harmonization.

🏛️ Political context

• The GENIUS Act was signed by President Donald Trump on July 18, 2025, as part of the “Crypto Week” driven by Republican lawmakers.

• It is expected to take effect by the end of 2026, depending on the completion of regulations by the Treasury and the Federal Reserve.