The US Treasury is moving forward with implementing rules related to the GENIUS Act despite the July deadline having passed. This progress comes even though the broader stablecoin legislation, signed into law last year, is not set to take effect until January 2027.
According to CoinTelegraph, the stablecoin bill will become enforceable in January 2027, potentially leaving US government agencies without finalized regulations until then. The Treasury's decision to continue rulemaking ahead of the bill’s effective date signals a proactive approach to regulating stablecoins.
For Japanese markets, where regulatory clarity around digital assets remains a key concern, developments in the US regulatory landscape often influence market sentiment and policy discussions surrounding crypto and stablecoins.