Joint Letter Requesting an Extension of Comment Period on the GENIUS Act Notice of Proposed Rulemakings

To Whom it May Concern:

The undersigned trade associations request that the Department of the Treasury (Treasury), Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN), and the Office of Foreign Assets Control (OFAC) extend the deadline for public comments on the respective notices of proposed rulemaking referenced above (collectively, the "GENIUS Act NPRMs") by 60 days after the issuance of a final rule by the Office of the Comptroller of the Currency (OCC) implementing the GENIUS Act for entities subject to the OCC's jurisdiction.

I. Background

The three NPRMs at issue were published as follows:

• The Treasury's NPRM on broad-based principles for determining whether a state-level regulatory regime is substantially similar to the Federal regulatory framework was published in the Federal Register on April 3, 2026. Comments are currently due to Treasury by June 2, 2026.
• The FDIC's NPRM on requirements and standards for FDIC-supervised PPSIs and insured depository institutions was published in the Federal Register on April 10, 2026. Comments are currently due to the FDIC by June 9, 2026.
• The joint FinCEN/OFAC NPRM on AML/CFT program and sanctions compliance program requirements for PPSIs was published in the Federal Register on April 10, 2026. Comments are currently due to FinCEN and OFAC by June 9, 2026.

Download the joint comment letter to read the full text.