The Blockchain Association filed comments on Treasury's proposed rule for Section 3 of the GENIUS Act, the part on who can issue and sell payment stablecoins in the US. The group backs the core approach. It wants clearer service provider definitions, liability only with actual knowledge, and no open ended due diligence on foreign issuers.

What part of stablecoin rules matters most to you?
#Stablecoins #GENIUSAct #Regulation
Source: BlockchainAssn on X