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While Bitcoin and Ethereum remain undecided about whether to resume gains or fall again, the US Treasury has begun collecting public comments on the implementation of Title III of the GENIUS Act. The document defines key technical concepts needed to practically launch the law's entire regulatory framework — what exactly it means to "issue a payment stablecoin in the United States" and what it means to "offer or sell" such a stablecoin to a person located in the country.
Treasury Secretary Scott Bessent framed the initiative in familiar rhetoric, calling the GENIUS Act a landmark framework and clear set of rules for payment stablecoins, saying the department seeks to give businesses the regulatory certainty needed for innovation and growth, to cement the dollar's status as the global reserve currency, and to keep the US the world's crypto capital.
The timeline for the rules' entry into force is staggered and increases in strictness over time.
From 18 January 2027, the expected effective date of the GENIUS Act, issuing a payment stablecoin in the US will only be permitted with an appropriate federal or state license, and digital-asset service providers will not be able to offer foreign stablecoins in the US if the overseas issuer lacks the technical capability and willingness to comply with lawful US requirements and the terms of any mutual agreements between the US and the issuer's jurisdiction.
From 18 July 2028, the requirements tighten further: providers will be completely prohibited from offering or selling payment stablecoins in the US unless those coins are issued by a licensed issuer.
Thus, the law establishes a transition period of nearly 18 months between the basic licensing requirement for new issuances and a full ban on unlicensed stablecoins for end users.
The public can submit comments for 60 days after the notice is published in the Federal Register, and those comments will be viewable on regulations.gov — giving industry a direct channel to influence the final wording of the rules before they are fixed.
All of this logically continues the institutional wave around stablecoins that accelerated this summer. Fidelity, State Street and Invesco have already launched money?market funds to serve as stablecoin reserve vehicles in line with GENIUS Act requirements, Visa has extended stablecoin support across the Visa Direct network, and Mastercard closed the $1.8 billion purchase of BVNK to deepen its stablecoin infrastructure. The Treasury's current paper also touches on a matter of particular importance for foreign issuers such as Tether, whose largest stablecoin USDT was effectively pushed out of the European market after the company refused to comply with MiCA requirements.
Trading recommendations
Bitcoin
Buyers are now targeting a return to $65,000, which opens a direct path to $66,000 and then to $66,800; a break above $66,800 would signal attempts to restore the bull market. On a sell?off, buyers are expected at $64,000. A return of the instrument below that area could quickly drop BTC toward $62,800. The furthest target would be the $60,600 area.
Ethereum
A clear hold above $1,916 opens a direct path to $1,974. The furthest target is the high around $2,012; a break above that would indicate strengthening bullish sentiment and a return of buyer interest. On a decline, buyers are expected at $1,868. A return of the instrument below that area could quickly push ETH toward $1,834. The farthest target would be the $1,782 area.
What's on the chart
Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
