U.S. Treasury Accelerates Implementation of the GENIUS Act for 2027 Stablecoin Regulation

ChainCatcher report, citing statements from Bitcoin Magazine, U.S. Treasury Secretary Scott Bessent stated that the Treasury is rapidly advancing the implementation of the GENIUS Act. Bessent noted that the expected effective date of the Act is January 18, 2027, and the Treasury has already begun preparations for its implementation. The GENIUS Act is a key federal legislation in the U.S. targeting payment stablecoins, aiming to establish clear requirements for issuance, reserves, and regulation, and to provide a unified framework for compliant USD-backed stablecoins. Bessent’s remarks indicate that the U.S. Treasury is accelerating the development of supporting rules and operational preparations in accordance with the statutory timeline to ensure the Act is fully actionable before its effective date.