Blockchain Association Urges Clear Federal Rules For Stablecoin Issuers Under GENIUS Act
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10 Articles
Crypto Group Warns Regulators Against Expanding Stablecoin KYC Requirements
The pushback targets a joint rulemaking published in the Federal Register on June 22, 2026, covering the Permitted Payment Stablecoin Issuer Customer Identification Program , which sets out how issuers must verify customers under the new statutory framework.Read more...
🚨 The Blockchain Association has called for clearer stablecoin rules under the GENIUS Act. 📌 The organization requested that the identity verification obligation be limited to primary market transactions. 🪙 The regulatory framework defines the issuance conditions for payment stablecoins similar to $USDT in the US. 🗂️ Implementation schedule for federal agencies...
The Blockchain Association endorsed the rules proposed by U.S. federal agencies for issuers of stablecoins under the GENIUS Act, but called for more precise definitions and protection against duplicate compliance obligations. *** The Blockchain Association supported the rules proposed by federal agencies for issuers of stablecoins of payment. The group supported limiting customer identification to direct transactions between issuer and user in t…
GENIUS Act Stablecoin Rules Gain Blockchain Association Support
The GENIUS Act is getting additional industry support as the Blockchain Association expresses its support for the proposed stablecoin issuer regulations in the U.S., calling for better clarity and practicality of compliance requirements. The industry organization filed a comment letter on Friday in response to the proposals from the Financial Crimes Enforcement Network, the Office […]
Key points of the news: The Blockchain Association presented a letter of support for the rules proposed by federal agencies for stablecoins issuers under the GENIUS Act. The group supports limiting customer identification requirements to direct transactions in the primary market, excluding peer-to-peer transactions in secondary markets. The association also called for clearer definitions of key terms and coordination between CIP standards and an…
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