Myriad: Will the Clarity Act be signed into law in 2026? Click to make your prediction. Starting July 18, 2028, broader restrictions would generally prevent crypto exchanges and other digital asset platforms from selling stablecoins to U.S. customers, “unless the payment stablecoin is issued by a permitted payment stablecoin issuer.”
Bessent said the regulations would provide businesses with regulatory certainty while helping "cement the role of the U.S. dollar,” and welcomed public input.
“Treasury welcomes input from stakeholders as we work to provide the regulatory certainty businesses need to innovate and grow in America, cement the role of the U.S. dollar as the world’s reserve currency, and keep America the crypto capital of the world,” Bessent wrote.
Violations of these rules could include directly soliciting U.S. buyers, advertising a stablecoin as available to them, agreeing to sell after an unsolicited inquiry, or helping buyers bypass location restrictions such as IP checks.
The news comes as federal agencies continue to write the rules for implementing the GENIUS Act, which President Donald Trump signed into law in July 2025 to establish a federal framework for stablecoins in the U.S.
