Treasury just dropped its GENIUS Act stablecoin rule, defining issuers and who must comply. This is the first major proposal to implement the Act, over a year late.
Our read: Treasury sees stablecoins as payment and settlement mechanisms. Applying traditional investment rules, they note, would "frustrate that goal." This clears the path for payment-focused stablecoins, but also tightens their definition.
The public has 60 days to comment. Do you want your stablecoins regulated like money or securities?
$BTC #Stablecoins
Our read: Treasury sees stablecoins as payment and settlement mechanisms. Applying traditional investment rules, they note, would "frustrate that goal." This clears the path for payment-focused stablecoins, but also tightens their definition.
The public has 60 days to comment. Do you want your stablecoins regulated like money or securities?
$BTC #Stablecoins