#blockchainassociationsubmitsgeniusactcomments
🚨 BLOCKCHAIN ASSOCIATION SUBMITS GENIUS ACT COMMENTS — WILL DEFI & WALLETS STAY PROTECTED? 🇺🇸⚖️

The U.S. crypto lobby has officially weighed in on how Washington should regulate stablecoins! The Blockchain Association filed a comprehensive 26-page comment letter to the U.S. Department of the Treasury as the public input window closed on the GENIUS Act implementation rules.
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With 123 total submissions received by Treasury, the final language of this landmark stablecoin framework will dictate how crypto infrastructure operates ahead of the January 2027 enforcement deadline.
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🔑 4 KEY DEMANDS FROM THE CRYPTO LOBBY:
1️⃣ Exclude Infrastructure & Self-Custody Software from DASP Rules

The Association urged Treasury to clearly exempt non-custodial wallet providers, node validators, and firms trading their own assets from being classified under heavy Digital Asset Service Provider (DASP) or exchange-style compliance rules.

2️⃣ Clarify Criminal Liability Standards

The letter stresses that secondary-market trading shouldn't automatically trigger "unlawful participation" liability. Liability should strictly require actual knowledge and direct assistance in illegal issuance.

3️⃣ Clear & Fair Foreign Issuer Guidelines

For stablecoins issued overseas (like Tether), platforms need clear, public prohibition lists from Treasury rather than open-ended, impossible due-diligence requirements.

4️⃣ Protect Fully Reserved Payment Stablecoins

While supporting 1:1 reserve requirements (cash & short-term Treasuries) for registered issuers, the industry is demanding that software layer developers aren't penalized for how end-users move legal stablecoins.
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💡💬 COMMUNITY QUESTION:
Should self-custody wallets and network validators face exchange-style regulations Let us know below! 👇📈

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