Implementing the Federal Reserve Board's Responsibilities Under the GENIUS Act — 2026-09-29 [2026-19860]

Board of Governors of the 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. Comments must be received by November 30, 2026. You may submit comments, identified by Docket No. R-1899 and RIN 7100-AH29, by any of the following methods: Comments received are subject to public disclosure. In general, comments received will be made available on the Board's website at https://www.federalreserve.gov/​apps/​proposals/​ without change and will not be modified to remove personal or business information including confidential, contact, or other identifying information.