U.S. Banks Seek Delay in GENIUS Act Stablecoin Rules

TLDR U.S. banking groups asked the Treasury Department to extend comment periods on GENIUS Act stablecoin rule proposals. The associations requested at least 60 additional days after the OCC finalizes its supervisory framework. Bankers said the related rule proposals depend directly on the OCC’s final approach. The letter addressed rulemaking efforts at OFAC, FinCEN, and [...]

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