According to CoinMeta, the U.S. Treasury Department recently proposed new rules under the "Genius Act," clarifying when stablecoin activities require federal or state permission. The proposal was released on August 17th and marks another step forward in the regulatory framework for stablecoins in the United States. Starting from January 18, 2027, companies issuing payment stablecoins domestically will need to obtain appropriate federal or state authorization. The Treasury Department also provided a definition of stablecoin distribution by digital asset service providers, requiring that stablecoins issued abroad comply with U.S. legal directives. More extensive restrictions will take effect on July 18, 2028, when digital asset providers will not be allowed to sell stablecoins to U.S. persons without permission. Treasury Secretary Scott Branson stated that the department hopes to listen to feedback from stakeholders while providing greater regulatory certainty.