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US Treasury NPRM Would Require Platforms to Only Sell Stablecoins from Licensed Issuers to Americans

2026-09-08CryptoRegulationLast updated: 8 Sept 2026, 7:36 am
Original sourceSpheric NewsAdditional: BNC Times

Summary

The Treasury, under the GENIUS Act, issued an NPRM proposing to regulate platforms offering stablecoins to Americans, requiring they only sell payment stablecoins from 'licensed issuers.' Issuer licensing takes effect Jan 18, 2027, while platform restrictions are delayed to Jul 18, 2028, providing…

Key points

  • Understanding US stablecoin regulatory path is critical for compliance readiness of exchanges, wallets, and issuers.
  • This rule will reshape the US stablecoin market, requiring platforms to establish licensed issuer verification.
  • Exchanges and wallets need to invest in compliance tech to verify issuer status; foreign issuers face higher barriers to enter the US market.
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Editorial note

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