Treasury’s First Stablecoin Regulation Reshapes $250B Market
$250 billion — not a security, not a commodity, not a deposit. The U.S. federal government just drew its first regulatory lines around stablecoins, a massive asset class that has operated in a legal gray zone for years. On April 1, the Treasury Department published its inaugural implementation rule under the GENIUS Act, marking the beginning of formal stablecoin regulation in America. Read more »