Federal Reserve System
The Board of Governors of the Federal Reserve System (Board) proposes to issue regulations to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) with respect to Board-supervised permitted payment stablecoin issuers (PPSIs) and certain other entities that are subject to the Board's jurisdiction. In addition, the Board proposes to issue regulations to implement the prohibition on tying in section 4(a)(8) of the GENIUS Act, which is applicable generally to all PPSIs.
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. Federal Reserve System 12 CFR Parts 208, 211, 217, 225, 247 and 263 [Docket No. R-1899] RIN 7100-AH29 ( printed page 61580) AGENCY: Board of Governors of the Federal Reserve System. ACTION: Notice of proposed rulemaking. SUMMARY: The Board of Governors of the Federal Reserve System (Board) proposes to issue regulations to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) with respect to Board-supervised permitted payment stablecoin issuers (PPSIs) and certain other entities that are subject to the Board's jurisdiction. In addition, the Board proposes to issue regulations to implement the prohibition on tying in section 4(a)(8) of the GENIUS Act, which is applicable generally to all PPSIs. DATES: Comments must be received by November 30, 2026. ADDRESSES: You may submit comments, identified by Docket No. R-1899 and RIN 7100-AH29, by any of the following methods: Agency Website: https://www.federalreserve.gov/​apps/​proposals/​ . Follow the instructions for submitting comments, including attachments. Preferred Method. Mail: Benjamin W. McDonough, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551. Hand Delivery/Courier: Same as mailing address. Other Means: publiccomments@frb.gov . You must include the docket number in the subject line of the message. Comments received are subject to public disclosure. In general, comments received will be made …
Citation: 91 FR 61580
