Circle Submits Comment Letter on Implementation of the GENIUS Act
Circle responds to Treasury’s Advance Notice of Proposed Rulemaking on the GENIUS Act and outlines recommendations to deliver a uniform, prudentially sound framework for U.S. dollar payment stablecoins.
On November 4, 2025, Circle submitted comments to the U.S. Department of the Treasury in response to its Advance Notice of Proposed Rulemaking on implementing the GENIUS Act. We welcome the opportunity to help Treasury operationalize a statute that does more than set guardrails for payment stablecoins—it lays groundwork for a federal digital payments framework in the United States.
this genius act implementation could accelerate web3 payments exponentially - by 2030, stablecoins might handle trillions in seamless, ai-optimized transactions, creating unprecedented financial abundance
The banks are seeking to control the stablecoin market.
People need to resist as much as possible.
In our letter, we support full and faithful implementation of GENIUS to create a consistent national regime for permitted payment stablecoin issuers, regulated foreign payment stablecoin issuers, and the consumers who rely on them. Rulemaking should reinforce Congressional intent to make clear, robust rules of the road that support comprehensive compliance by all issuers that touch U.S. markets while giving Americans transparent, easy-to-understand financial products and services.