The US Treasury Department opened a second period of public comments on the implementation of the Act on Engineering on Thursday, legislation to regulate stablecoin payments in the United States that were reported by US President Donald Trump.
In a Thursday opinion, the Treasury said that, although the prior opinion of the regulatory proposal was not required to implement the law on engineering, he invited the public to comment on the stable law, saying that it would be based on its work.
The treasure officially opened his comments in August, giving the public until October 17 to submit concerns or comments related to illegal activity. Thursday’s opinion provides a 31 -day window for comments.
“The Treasury welcomes comments and opinions from a wide range of stakeholders on (prior notice of the proposed regulations),” said the press release.
https://www.youtube.com/watch?v=ry9mi57pbjs
The Genius Act was one of the three bills linked to the cryptocurrency adopted by the House of Representatives of the United States in July as part of the “crypto week” of the Republican legislators. Trump signed the bill on July 18, surrounded by several leaders of cryptographic companies, including Gemini, Coinbase, Circle and Kraken.
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Aiming to regulate payment floors in the United States, the Act on Engineering should come into force 18 months after its promotion, 120 days after the finalization of the US Treasury and the Federal Reserve regulations. The calendar is probably implementing at the end of 2026 at the earliest.
Senate planned to fight against the structure of the cryptographic market
In one of its first legislative programs on Crypto bills since the adoption of the Act on Engineering in June, the US Senate should take a vote on a framework for the digital asset market this month.
According to Wyoming Senator Cynthia Lummis, a high -level legislative of the Senate banking committee and one of the figures for the market structure, the committee should vote on the bill by the end of September, potentially signed by 2026.
The market structure bill, provisionally entitled the responsible financial innovation law, would probably clarify the roles that US financial agencies would have to supervise and apply cryptographic regulations.
Congress members, including Lummis, met leaders of cryptographic companies in three separate round tables this week to consider the structure of the market and the Bitcoin reserve invoices (BTC).
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