The U.S. Treasury, under the proposed rules of the 'GENIUS Act,' requires digital asset service providers to conduct due diligence on foreign stablecoin issuers; otherwise, related tokens may be delisted. The comment period ends on October 19, 2026. The rule shifts compliance responsibility for stablecoins to exchanges, requiring platforms to review foreign issuers. The general framework is expected to take effect on January 18, 2027, with stricter qualification rules for foreign issuers implemented on July 18, 2028.