Coinbase (COIN) shares rose after the U.S. Treasury Department released proposed stablecoin rules under the GENIUS Act. This new regulatory framework aims to clarify the issuance and sale of payment stablecoins in the United States. The proposal establishes a comprehensive legal structure for digital assets. It marks a positive development for major stablecoin players Coinbase and Circle.
The proposed regulations are open for public comment for 60 days. They define requirements for issuing and offering stablecoins to U.S. customers. Starting January 18, 2027, it will be unlawful to issue a payment stablecoin in the U.S. without a proper federal or state license. This move is expected to enhance financial stability and consumer protection. It also expects to provide regulatory certainty for digital currency innovation and growth.