The United States will evaluate the consistency between state stablecoin regulation and federal rules On August 20th, the US stablecoin certification review committee will evaluate whether the regulatory frameworks of each state are "substantially similar" to the federal stablecoin issuance rules. The committee is led by the Secretary of the Treasury and includes members such as the Chairman of the Federal Reserve and the Chairman of the FDIC. Consensus is required before approving stablecoin regulation in each state. Pierson Ferdinand LLP partners state that the GENIUS Act has the potential to simplify state-level regulation and reduce confusion. (Bloomberg)