NY proposes ‘first’ state stablecoin framework aligned with GENIUS Act

10th June, 2026

Aravind Bulusu
New York

The New York State Department of Financial Services’ (DFS) regulation contains provisions that comply with the US Department of Treasury’s proposed requirements for state frameworks to be certified under GENIUS Act.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP

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