Executive Branch Pushes Stablecoin and Crypto Regulation
The U.S. Treasury Department is advancing rulemaking on the GENIUS Act, which Congress passed last year with an implementation deadline of January 2027. The Treasury opened a public comment period on proposed rules that would define core jurisdictional elements and establish who can legally sell stablecoins to U.S. customers. A separate Treasury proposal would impose new restrictions on crypto platforms and exchanges selling stablecoins, effective in 2027.
The CFTC is simultaneously expanding its regulatory scope, seeking public input on AI compute futures contracts as the CME prepares for an October launch. The move signals broader agency interest in regulating emerging derivatives markets tied to artificial intelligence infrastructure.
President Trump is meeting with crypto and prediction market CEOs this week as the administration works on pending legislation. These discussions occur while the Clarity Act, a separate legislative effort, has experienced delays in congressional progress.
