GENIUS Act Regulations on Payment Stablecoin Issuance, Offer, and Sale

Treasury proposes regulations implementing GENIUS Act §3, defining who may issue payment stablecoins and limiting their offer and sale in the U.S.

As a U.S. digital-asset exchange that lists and sells stablecoins to retail and institutional customers, the offer-and-sale limits would confine BlockQuake to distributing only stablecoins from permitted issuers — reshaping its trading pairs, custody support, and any ambition to issue its own stablecoin, while advancing the registration clarity it seeks.

File a comment during the open period and audit every listed stablecoin against the permitted-issuer definition to plan delistings or restrictions before the rule finalizes.