GENIUS Act Rules Face Industry Pushback Over Stablecoin Limits

Key Insights: Blockchain Association seeks clearer GENIUS Act rules for traders and validators. Industry challenges trading liability and foreign stablecoin due diligence rules. NCA seeks redemption windows, stolen fund recovery, and self-custody protections. GENIUS Act rules face industry pushback over proposed requirements affecting stablecoin trading, foreign issuers, and blockchain infrastructure. The Blockchain Association urged the US Treasury to clarify the terms covering criminal liability, compliance checks, and service provider definitions. Its submission calls for more transparent boundaries for exchanges, proprietary traders, and decentralized protocols while supporting regulated stablecoin issuance. Treasury’s proposed rules implement Section 3, covering stablecoin issuance, offers, and sales in the United States. The association supports the Treasury’s objective of adequate reserves and issuance by regulated companies.

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