# NYDFS proposes a GENIUS-aligned stablecoin regulation

> NYDFS proposed codifying and expanding its dollar-backed stablecoin framework to align with GENIUS Act certification requirements, including custodian concentration limits and formal risk-management programs.

- URL: https://riadefi.com/regulation/2026-06-09-nydfs-genius-stablecoin-regulation-proposal/
- Posture: Proposal · not in effect
- Authorities: New York State Department of Financial Services
- Event date: 2026-06-09
- Version: 1, published 2026-08-07 (first published 2026-08-07)
- Advisor-relevant: yes

This entry records a proposal. It does not change the law unless it is adopted.

## What changed

NYDFS proposed codifying and expanding its dollar-backed stablecoin framework to align with GENIUS Act certification requirements, including custodian concentration limits and formal risk-management programs.

## Who it affects

- New York-licensed stablecoin issuers, reserve custodians, investment advisers, and clients

## What is still open

- Final text, federal certification, effective date, and one-year transition details

## What it means for an advisor

- Map existing reserve, redemption, audit, custody-concentration, internal-control, affiliate, and service-provider arrangements to the proposal without treating it as final.

## Sources

1. [NYDFS proposes a GENIUS-aligned stablecoin regulation](https://www.dfs.ny.gov/reports_and_publications/press_releases/pr20260609) · New York State Department of Financial Services · 2026-06-09


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.