
US Treasury Sets October 19 Deadline for GENIUS Act Stablecoin Comments
- —Comment deadline is October 19, 2026, with no extension on the docket
- —The rule implements Section 3 of the GENIUS Act (Public Law 119-27, July 18, 2025)
- —Expected effective date is January 18, 2027; provider restrictions begin July 18, 2028
- —65 public submissions filed as of October 10, 36 of them in the prior 15 days
Why it matters: The rule will decide who can issue and sell payment stablecoins in the US, setting the framework for a market worth tens of billions of dollars.
Source: Coinpaprika News