Blockchain Association says Treasury’s GENIUS Act rollout needs clearer DeFi, foreign issuer rules
The group filed comments on Treasury's proposed rule implementing the GENIUS Act, which governs who can issue and sell payment stablecoins.
AI summary
The Blockchain Association filed comments on Treasury's proposed rule implementing the GENIUS Act, which sets rules for who can issue and sell payment stablecoins. The group is asking for clearer guidance on DeFi and foreign issuers, arguing the current draft leaves gaps. This is industry advocacy on stablecoin regulation rather than a market-moving event, though clarity on stablecoin rules could eventually affect how DeFi and offshore issuers operate in the US.
