NCA Urges US Treasury to Protect Stablecoin Holders Under GENIUS Act

The NCA wants transition periods allowing existing stablecoin holders to redeem, sell, or convert tokens when regulatory restrictions take effect. The association urges clear rules enabling stolen stablecoins to be recovered and returned to victims under lawful orders. The NCA calls for protections for self-custody and peer-to-peer transfers, citing consumer demand for greater transparency and regulatory clarity. The National Cryptocurrency Association (NCA) has urged the U.S. Treasury to protect stablecoin holders as it develops regulations under the GENIUS Act.

Source: Crypto Front News