GENIUS Act Broad-Based Principles for Determining Whether a State-Level Regulatory Regime Is Substantially Similar to the Federal Regulatory Framework

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of the Treasury 12 CFR Chapter XV [TREAS-DO-XX] RIN 1505-AC90 ( printed page 16844) AGENCY: Department of the Treasury. ACTION: Notice of proposed rulemaking. SUMMARY: The Department of the Treasury (Treasury) proposes to implement section 4(c) of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act by establishing broad-based principles for determining when a State-level regulatory regime is substantially similar to the Federal regulatory framework. DATES: Comments on the notice of proposed rulemaking (NPRM) must be received on or before June 2, 2026. ADDRESSES: Written comments may be submitted through one of two methods: Electronic Submission: Comments may be submitted electronically through the Federal Government eRulemaking portal at https://www.regulations.gov . Mail: Send to U.S. Department of the Treasury, Attention: Office of the General Counsel, 1500 Pennsylvania Avenue NW, Washington, DC 20220. Given potential delays in the receipt of comments by mail, we strongly encourage comments to be submitted via https://www.regulations.gov . All comments should be captioned with “GENIUS Act State Similarity.” Please include your name, organizational affiliation, address, email address, and telephone number in your comment. In general, all comments received, including attachments and other supporting materials, will be part of the public record and subject to public disclosure. Do not submit any information in your comment …