Blockchain Association urges Treasury to clarify DeFi and foreign issuer rules in GENIUS Act stablecoin framework
The Blockchain Association submitted a comment letter to the U.S. Treasury Department requesting clearer definitions in proposed rules implementing Section 3 of the GENIUS Act, which governs stablecoin issuance and sales. The crypto advocacy group supports the framework but seeks tighter language around decentralized finance applications, foreign issuers, and trading platforms.
