Blockchain Association Asks Treasury to Narrow GENIUS Act Rule on Who Can Sell Stablecoins
Photo: Unchained
The industry group wants Treasury to require actual knowledge before a firm can be tied to an unlawful stablecoin issuance, and to keep traders, validators and DeFi tools outside the rule. The Blockchain Association is asking the U.S. Treasury to set a higher bar before a crypto company can be found to have taken part in an unlawful stablecoin issuance under the GENIUS Act , and to leave traders and decentralized finance (DeFi) infrastructure outside the rule’s reach. The industry group filed a 26-page comment letter dated Oct.
Source: Unchained
