U.S. Treasury Proposes Rules to Implement GENIUS Act Stablecoin Law
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The U.S. Treasury Department has put forward a proposal aimed at implementing key provisions of the GENIUS Act, a stablecoin legislation passed by Congress. The proposal seeks to establish foundational definitions and clarify jurisdictional boundaries outlined in the law. The GENIUS Act was completed by Congress last year, making this Treasury action a step toward its enforcement. The rulemaking effort signals the federal government's move to formalize oversight of the stablecoin sector in the United States.
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