Blockchain Association backs Treasury stablecoin rule but wants tighter definitions

The crypto advocacy group supports Treasury's GENIUS Act proposal while pushing for narrower language on platforms, liability, and foreign issuers The Blockchain Association has weighed in on Treasury’s proposed stablecoin rule. Its verdict amounts to: good start, now please fix the fine print. The crypto advocacy group filed a comment letter with the US Department of the Treasury on October 19, 2026. That was the final day for public input on the proposal. The rule would implement Section 3 of the GENIUS Act, the federal law that sets the ground rules for payment stablecoins. The association backed Treasury’s push for regulatory clarity. It also flagged several areas where it believes the draft could overreach.

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