TREE NEWS update: The Blockchain Association filed comments on the U.S. Treasury’s proposed rule implementing the GENIUS Act, which governs who may issue and sell payment stablecoins. The group said the rollout needs clearer rules for DeFi and foreign stablecoin issuers. The filing responds to Treasury’s proposed rulemaking under the stablecoin law.
Blockchain Association Seeks Clearer DeFi, Foreign Issuer Rules in GENIUS Act Rollout
AI take
The trade group's push for clearer DeFi and foreign-issuer treatment signals where the real implementation friction sits: the GENIUS Act's perimeter for non-custodial protocols and offshore issuers is likely to determine how broadly the payment-stablecoin market develops, not the core licensing regime. The filing matters most for DeFi builders and non-U.S. issuers weighing whether to serve U.S. users, since ambiguity there carries compliance risk. Whether Treasury's final rule narrows or preserves that ambiguity is the open question worth tracking.
Generated by AI for reference only.
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