Crypto Industry Group Backs Treasury Stablecoin Rule, Seeks Sharper Definitions
Photo: TheCoinrise
The crypto trade group supports the GENIUS Act rollout but wants Treasury to sharpen language on DeFi and foreign issuers. The Blockchain Association, a prominent crypto industry trade group, has endorsed the Treasury Department's rollout of the GENIUS Act stablecoin rule. The organization is pressing for more precise definitions in the regulation, particularly concerning decentralized finance protocols and foreign stablecoin issuers. According to reporting from CryptoBriefing and The Block, the association's stance reflects general support for the regulatory direction Treasury has taken.
Source: TheCoinrise
