Latest Treasury Proposes Stablecoin Licensing Rules Under GENIUS Act in Cryptocurrency
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Treasury Unveils Stablecoin Licensing Rules as EU Sanctions Force Platform Into Withdrawal-Only Mode
The U.S. Treasury proposed stablecoin licensing rules under the GENIUS Act even as EU sanctions forced a platform into withdrawal-only mode, while Wintermute's $211M altcoin short, BitMEX's wind-down limits, and a 683M ZIL wallet exploit underscored defensive positioning and security risks.
Latest Treasury Proposes Stablecoin Licensing Rules Under GENIUS Act in Cryptocurrency
Cryptocurrency The US Treasury Department has proposed new licensing rules for payment stablecoin issuers under Section 3 of the GENIUS Act, opening another major comment period for digital asset regulation. The proposed rulemaking was issued on August 18 and published on August 21. Under the proposal, payment stablecoin issuers would need to obtain a federal or state license starting January 18, 2027. By July 18, 2028, digital asset service pro…
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