Blockchain Association says Treasury’s GENIUS Act rollout needs clearer DeFi, foreign issuer rules

What happened: The Blockchain Association filed comments on Treasury's proposed rule implementing the GENIUS Act, which governs who can issue and sell payment stablecoins. The group said the rollout needs clearer rules for DeFi and foreign issuers. Why it matters: The association's comments signal industry concerns that the proposed framework leaves open questions on DeFi treatment and foreign issuer eligibility as Treasury shapes stablecoin oversight. Key numbers: Omit (no concrete figures in content). Coverage: 3 outlets in 24h

The Blockchain Association filed comments on Treasury's proposed rule implementing the GENIUS Act, which governs who can issue and sell payment stablecoins. The group said the rollout needs clearer rules for DeFi and foreign issuers.

The association's comments signal industry concerns that the proposed framework leaves open questions on DeFi treatment and foreign issuer eligibility as Treasury shapes stablecoin oversight. Key numbers: Omit (no concrete figures in content).