BTCC
/
BTCC Square
/
Global Cryptocurrency
/
U.S. Treasury Advances GENIUS Act Implementation for Stablecoin Regulations
U.S. Treasury Advances GENIUS Act Implementation for Stablecoin Regulations
18
1
BTCCSquare news:
The U.S. Treasury Department has initiated an advance notice of proposed rulemaking to formalize regulations under the GENIUS Act, targeting stablecoin oversight. A 30-day public comment period, ending October 20, seeks industry input on issuer prohibitions, AML compliance, and reserve custody requirements.
Key questions focus on reconciling state-federal oversight gaps and benchmarking international stablecoin regimes. The Treasury’s multifaceted role includes enforcing sanctions and anti-money laundering measures—a MOVE poised to reshape compliance for crypto-native firms and traditional financial players entering the space.
By:
