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U.S. Treasury Seeks Public Input on Stablecoin Regulation Under GENIUS Act
U.S. Treasury Seeks Public Input on Stablecoin Regulation Under GENIUS Act
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BTCCSquare news:
The U.S. Treasury Department has initiated its first formal step toward implementing stablecoin regulations, opening a 30-day public comment period ending October 20. The advance notice of proposed rulemaking (ANPRM) under the GENIUS Act invites feedback on critical issues including issuer qualifications, sanctions compliance, AML standards, and reserve custody requirements.
Stakeholders face a compressed timeline to address Treasury's dozens of technical questions, signaling regulators' urgency to establish oversight frameworks. The MOVE reflects growing institutional recognition of stablecoins' systemic importance in digital asset markets.
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