State Bank Supervisors Request Extension of Comment Period on Stablecoin Regulation

The Conference of State Bank Supervisors ("CSBS") urged the Treasury Department to extend the comment period for a proposed rulemaking on stablecoin regulation under the GENIUS Act. (See also, prior coverage on a similar request from financial trade groups.) Comments are currently due on or before October 20, 2025.

In its letter to Treasury, the CSBS explained that state regulators are actively reviewing supervisory frameworks, statutory considerations, and potential impacts on consumers and state-regulated entities. The CSBS argued that an additional 30 days would allow regulators to coordinate a more comprehensive response and ensure that feedback addresses the full range of issues raised in the proposal.

The CSBS highlighted that the Advance Notice of Proposed Rulemaking seeks input on how to determine whether state-level regulatory regimes are "substantially similar" to or "meet[] or exceed" federal standards. The CSBS argued that extending the deadline is necessary to provide well-developed feedback on these complex questions, ensuring a stablecoin framework that balances payments innovation, consumer protection, and competitive state and federal pathways.