New York, Wyoming team up on crypto regulation as GENIUS Act rules near
- —New York and Wyoming will coordinate crypto regulation at the state level
- —The OCC expects to finalize GENIUS Act rules by the end of the month
- —The GENIUS Act, enacted in July 2025, lets stablecoin issuers operate under state regimes deemed equivalent to federal standards
- —Larger issuers remain under federal oversight
Why it matters: Aligning state and federal rules could accelerate institutional adoption of stablecoins in the US.
Source: Crypto Briefing