🚨 Blockchain Association Submits GENIUS Act Comments! 🇺🇸
The Blockchain Association has urged the U.S. Treasury to provide clearer rules for implementing the GENIUS Act, particularly regarding stablecoins, DeFi infrastructure, and foreign-issued stablecoins.
🔹 Protect self-custody software and blockchain validators from unintended regulatory burdens.
🔹 Clarify liability standards for unlawful stablecoin issuance.
🔹 Establish practical compliance requirements for foreign-issued stablecoins.
🔹 Ensure regulations protect consumers without stifling crypto innovation.
The goal: Regulatory clarity, consumer protection, and continued blockchain innovation. ⚖️⛓️
#blockchainassociationsubmitsgeniusactcomments $BTC $ETH $SOL
The Blockchain Association has urged the U.S. Treasury to provide clearer rules for implementing the GENIUS Act, particularly regarding stablecoins, DeFi infrastructure, and foreign-issued stablecoins.
🔹 Protect self-custody software and blockchain validators from unintended regulatory burdens.
🔹 Clarify liability standards for unlawful stablecoin issuance.
🔹 Establish practical compliance requirements for foreign-issued stablecoins.
🔹 Ensure regulations protect consumers without stifling crypto innovation.
The goal: Regulatory clarity, consumer protection, and continued blockchain innovation. ⚖️⛓️
#blockchainassociationsubmitsgeniusactcomments $BTC $ETH $SOL