LexRegPulse Daily - Aug 18, 2026
Morgan here. This is LexRegPulse Daily for Tuesday, August 18, 2026.
Treasury opened the first federal licensing regime for payment stablecoins Monday. The proposed rule implements Section 3 of the GENIUS Act, and it draws the lines banks and crypto firms have been racing toward. Two dates matter most. Starting January 18, 2027, only licensed issuers can issue payment stablecoins. By July 18, 2028, only those licensed coins can reach U.S. persons. The rule publishes in the Federal Register today, opening a 60-day comment window that runs into mid-October.
Here's the part banks can't skip: the…
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