The US Treasury has opened a public comment period for the GENIUS stablecoin bill, marking an important regulatory step in digital asset management.
Call for Comments on GENIUS Bill
The US Treasury has begun accepting comments on the GENIUS bill signed by President Trump on July 18, 2025. The bill requires stablecoin issuers to maintain 1:1 reserves backed by US dollars, potentially changing liquidity flows in the cryptocurrency market.
Reserve Requirements for Stablecoins
Treasury Secretary Scott Bessent announced the call for comments on the new GENIUS stablecoin bill. The focus is on compliance requirements and reserves. "This call for comment is essential to securing American leadership in digital assets and fulfilling our mandate under the GENIUS Act," said Bessent.
Comparison with EU’s MiCA Regulation
The GENIUS Act draws parallels with the EU’s MiCA regulation, which implemented reserve backing for eurozone stablecoins. Trends indicate stablecoins may shift to regulated entities to comply with new rules.
The call for comments on the GENIUS bill underscores the Treasury's commitment to improving stablecoin regulation, which could significantly impact financial markets and the demand for US Treasuries.
