Blockchain Association backs Treasury’s proposed GENIUS Act rules for stablecoin issuers
The Blockchain Association has endorsed the Treasury’s draft GENIUS Act provisions that would restrict client‑ID verification to direct issuer‑customer transactions in the primary market, while urging the legislation to provide clearer definitions of key terms. The association’s support signals industry approval of the proposed regulatory framework for stablecoin issuers. (Source: Treasury draft, Blockchain Association statement)
The Blockchain Association has endorsed the Treasury’s draft GENIUS Act provisions that would restrict client‑ID verification to direct issuer‑customer transactions in the primary market, while urging the legislation to provide clearer definitions of key terms. The association’s support signals industry approval of the proposed regulatory framework for stablecoin issuers. (Source: Treasury draft, Blockchain Association statement)
Sources
- The Block — Blockchain Association backs Treasury’s proposed GENIUS Act rules for stablecoin issuers
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