The U.S. Treasury today advanced regulations under the GENIUS Act, a law signed by President Donald Trump to establish a regulatory framework for stablecoins and digital assets.

The department posted a press release stating it is seeking public comment on the implementation of the GENIUS Act.

The GENIUS Act mandates that stablecoin issuers maintain 1:1 reserves backed by assets like U.S. Treasuries and provide monthly transparency reports, aiming to prevent illicit activities and enhance consumer protections.

Stablecoins have grown rapidly, with global market capitalization approaching $290.0 billion as of mid-2025, driven by their use in decentralized finance and cross-border payments.

The Act passed with bipartisan support in Congress in 2025 amid concerns over unregulated stablecoins potentially reaching trillions in value and impacting Treasury financing.