🦅 GENIUS Act Gets Real: Treasury Maps Out Stablecoin Rules One of the most waited US $BTC crypto updates came from stablecoins this week. The GENIUS Act was already signed last year, what happened now is different: the Treasury published proposed rules explaining how the law could actually work in practice. They’re open for public comment until October 19. Among the new details: 📎 a stablecoin would generally be “issued” at its first transfer, not when tokens are minted 📎 foreign issuers can access the US market if they meet specific requirements 📎 exchanges and market makers could face liability for knowingly helping with an illegal initial distribution 📎 redeemed tokens transferred again could count as a new issuance So this isn’t another big political announcement. It’s the stage where GENIUS starts turning into actual rules that issuers, exchanges and stablecoins like $USDT and USDC may have to work around. And importantly: these rules aren’t final yet ✍️ #Macro Insights# #Stablecoins #GENIUSAct