According to CoinMeta, the U.S. Treasury Department is accelerating the implementation of the Crypto Genius Act. Treasury Secretary Scott Bessent stated that the department has issued a notice of proposed rules, seeking public feedback on the implementation of the act. The purpose of this act is to establish clear frameworks and rules for payment stablecoins. The Treasury Department welcomes feedback from stakeholders in order to provide the regulatory certainty that businesses need, thereby promoting innovation and growth in the United States.