coindesk
U.S. Treasury Takes Next Step in Turning GENIUS Act Into Stablecoin Regulations
TL;DR
The U.S. Treasury Department has initiated the process to turn the GENIUS Act into stablecoin regulations by opening a comment window to gather information on various aspects including sanctions compliance, anti-money laundering, and tax matters. This move comes as part of efforts to establish rules for the wider crypto industry.
Summary
The U.S. Treasury Department has initiated the process to turn the GENIUS Act into stablecoin regulations by opening a comment window to gather information on various aspects including sanctions compliance, anti-money laundering, and tax matters. This move comes as part of efforts to establish rules for the wider crypto industry.
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