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TREAS/FINCEN RIN: 1506-AB74 Publication ID: 2026 
Title: ●Permitted Payment Stablecoin Issuer Customer Identification Program(Section 610 Review) 
Abstract:

The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), together with the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the Agencies), are jointly issuing a notice of proposed rulemaking to implement the GENIUS Act’s directives to treat permitted payment stablecoin issuers (PPSIs) as financial institutions under the Bank Secrecy Act (BSA) by requiring PPSIs to maintain an effective customer identification program (CIP).

 
Agency: Department of the Treasury(TREAS)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Yes  Unfunded Mandates: No 
EO 14192 Designation: Regulatory 
RFA Section 610 Review: Section 610 Review 
CFR Citation: 31 CFR chapter X     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: GENIUS Act    Bank Secrecy Act   
Legal Deadline:
Action Source Description Date
Final  Statutory    07/18/2026 

Overall Description of Deadline: The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) requires each primary Federal payment stablecoin regulator and the Secretary of the Treasury to promulgate regulations through notice and comment rulemaking within one year of enactment. The GENIUS Act was enacted on July 18, 2025.

Timetable:
Action Date FR Cite
NPRM  07/00/2026 
Regulatory Flexibility Analysis Required: YES  Government Levels Affected: Federal, State 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
Agency Contact:
FinCEN Regulatory Support Section
Department of the Treasury
Financial Crimes Enforcement Network
P.O. Box 39,
Vienna, VA 22183
Phone:800 767-2825
Email: frc@fincen.gov