Just In: U.S. Treasury Advances GENIUS Act, Bessent Flags Stablecoin Growth

TLDR: Treasury issued a Request for Comment under the GENIUS Act to shape stablecoin regulation in the United States. The Act sets a comprehensive framework for stablecoin issuers while aligning with President Trump’s digital asset policy. Treasury seeks input on AI, blockchain monitoring, and identity verification for combating illicit finance in crypto markets. Public comments [...]

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