Treasury
Department of the Treasury
📋Role Under the GENIUS Act
Treasury coordinates the overall regulatory framework and has specific authority over foreign issuer determinations, AML/sanctions enforcement, and cross-border arrangements. The Secretary of the Treasury plays a key role in determining which foreign jurisdictions have comparable regulatory regimes.
✅Key Responsibilities
- •Determine which foreign jurisdictions have 'comparable' regulatory regimes
- •Designate noncompliant foreign issuers
- •Create reciprocal arrangements with foreign jurisdictions
- •Issue regulations to implement the Act
- •Coordinate AML/sanctions compliance through FinCEN
- •Conduct study on non-payment stablecoins
📜Required Rulemakings
⏱️Key Deadlines After Enactment
+365 days
Issue implementing regulations
+365 days
Report on non-payment stablecoins
+730 days
Complete foreign reciprocal arrangements
68
Total references
10
Sections
14
Rulemakings
13
Deadlines
Bill References by Section
Click a section to expand and see all subsections where Treasury is mentioned. Click any item to view the full bill text.
Implementation Timeline
+7 days
(4) .— Report required
report+30 days
(B) .— Designation as noncompliant
determination+180 days
(1) .— In general
report+180 days
(1) .— In general
report+210 days
(3) .— Timing for determination
determination+365 days
(C) .— Report required
report+365 days
(C) .— Report required
report+365 days
(a) .— In General
rulemakingAt a Glance
- •68 references across 10 sections
- •14 required rulemakings
- •3 required reports