GENIUS Act: Blockchain Association Seeks Clearer DeFi, Stablecoin Rules

GENIUS Act: Blockchain Association Seeks Clearer DeFi, Stablecoin Rules

Blockchain Association urges Treasury to clarify GENIUS Act rules on DeFi, foreign stablecoins, trading liability and wallet location checks.

Blockchain Association Urges Treasury to Narrow Stablecoin Rule's Reach

The group wants clearer treatment of self-custody tools, secondary trading and foreign-issued coins under the GENIUS Act.

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.

Blockchain Association backs Treasury stablecoin rule but wants tighter definitions

The Blockchain Association's feedback on Treasury's stablecoin rule highlights the need for precise definitions to prevent regulatory overreach, impacting global crypto operations.