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🔥🔴 US ADVANCES IN STABLECOIN REGULATION: THE TREASURY ISSUES A PROPOSAL FOR THE 'GENIUS ACT' 🇺🇸🪙
The U.S. Department of the Treasury issued a Notice of Proposed Rulemaking (NPRM) to implement Section 3 of the GENIUS Act. The measure sets the rules for the lawful issuance, offer, and sale of payment stablecoins in U.S. territory and defines licensing criteria.
Timelines and Operational Restrictions ⏳
The proposal opens a 60-day public comment period before final adoption. It establishes the requirement for federal or state licenses for issuers starting January 18, 2027, and introduces stricter conditions and restrictions for stablecoins issued by foreign entities starting July 18, 2028.
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#BinanceSquareTalks #BinanceSquareFamily #CryptoGlobalNews #Write2Earn
The U.S. Department of the Treasury issued a Notice of Proposed Rulemaking (NPRM) to implement Section 3 of the GENIUS Act. The measure sets the rules for the lawful issuance, offer, and sale of payment stablecoins in U.S. territory and defines licensing criteria.
Timelines and Operational Restrictions ⏳
The proposal opens a 60-day public comment period before final adoption. It establishes the requirement for federal or state licenses for issuers starting January 18, 2027, and introduces stricter conditions and restrictions for stablecoins issued by foreign entities starting July 18, 2028.
$USDC $BTC $ETH
#BinanceSquareTalks #BinanceSquareFamily #CryptoGlobalNews #Write2Earn
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