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Industry Groups Seek Extension of Comment Period on Stablecoin Regulation

"Given the breadth and depth of the issues raised—and the importance of providing Treasury with thoughtful, data-informed, and actionable feedback—we believe that a 30-day comment period is insufficient."
Financial Trade Groups Letter to the Treasury Department
"Given the breadth and depth of the issues raised—and the importance of providing Treasury with thoughtful, data-informed, and actionable feedback—we believe that a 30-day comment period is insufficient."
Financial Trade Groups Letter to the Treasury Department

Seven financial trade groups urged the Treasury Department to extend the public comment period for a proposed rulemaking on stablecoin regulation under the GENIUS Act. Comments are currently due on or before October 20, 2025.

In a joint letter to Treasury officials, the groups argued that a longer comment period would allow stakeholders to gather input from members and experts, and ensure that feedback is thoughtful, data-driven, and actionable. They requested that Treasury extend the period from 30 days to 90 days, saying the additional time would help shape an effective regulatory structure while reinforcing the stability and integrity of the digital asset marketplace.

They noted that the Advance Notice of Proposed Rulemaking raises nearly 60 questions on regulatory clarity, issuer requirements, illicit finance, taxation, insurance and other core issues. (See related coverage.) The groups included the American Bankers Association, the Bank Policy Institute and the Consumer Bankers Association.

Primary Sources

  1. Financial Trade Groups: Comment Letter to Treasury: Request for Extension of Comment Period – GENIUS Act Implementation ANPRM (RIN 1505-ZA10)

Related Articles

  • Treasury Seeks Comments on Stablecoin Regulation

    The Treasury Department requested public input on "questions relating to the implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins Act" ("GENIUS Act").

Tags

Regulated Activities
AML Compliance
Regulated Entities
Banking Entities
Regulated Products
Digital Assets
Body of Law
AML Regulation Banking Law
Jurisdiction
US - Federal
Organization
Trade / Industry Associations
Sub-Author
American Bankers Assoc., Bank Policy Institute, ICBA