CoinDesk·4 min read·medium
U.S. Treasury Department proposes GENIUS Act stablecoin rule
J
Jesse Hamilton
✦AI Summary
The U.S. Treasury Department has proposed new rules for stablecoin issuers to provide regulatory certainty and maintain the dollar's global standing. The proposal aims to balance innovation with financial oversight, though it faces a lengthy review process following public comment.
The department is among several government entities and agencies that must put rules in place before the stablecoin industry's U.S. law is in full effect, also including the banking and markets regulators.
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