#geniusactdebate
geniusactdebate
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🏛️ The regulation of stablecoins in the United States is heading into a new phase, with the comment period on the Treasury Department's rules related to the GENIUS Act ending today.
This move marks a significant step towards establishing a clearer regulatory framework for stablecoins, which could boost institutional confidence and support the broader adoption of digital assets in global markets.
#Crypto #Stablecoins
#GENIUSActDebate #Blockchain
{future}(ETHUSDT)
{future}(XLMUSDT)
{future}(USDCUSDT)
🏛️ The regulation of stablecoins in the United States is heading into a new phase, with the comment period on the Treasury Department's rules related to the GENIUS Act ending today.
This move marks a significant step towards establishing a clearer regulatory framework for stablecoins, which could boost institutional confidence and support the broader adoption of digital assets in global markets.
#Crypto #Stablecoins
#GENIUSActDebate #Blockchain
This move marks a significant step towards establishing a clearer regulatory framework for stablecoins, which could boost institutional confidence and support the broader adoption of digital assets in global markets.
#Crypto #Stablecoins
#GENIUSActDebate #Blockchain
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Article
Genius act: public hearing periodThe official kickoff for the public hearing period regarding the legislative act has happened. Discussion windows for feedback are sequentially opening for key agencies: the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA). Let's dive into the details of each initiative.
Genius act: public hearing period
The official kickoff for the public hearing period regarding the legislative act has happened. Discussion windows for feedback are sequentially opening for key agencies: the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA). Let's dive into the details of each initiative.
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Privacy and transparency in blockchain do not contradict each other. How it worksAt Consensus Miami, representatives from Moody’s and ChangeNOW explained why the conflict between user anonymity and regulatory demands is not a dead-end but rather an engineering challenge with workable solutions.
False dilemma
Public blockchains are transparent by nature: every transaction is recorded, accessible, and traceable. This makes them suitable for auditing and monitoring — but at the same time, it exposes users' financial activity to an extent that clashes with the fundamental concept of privacy.
Privacy and transparency in blockchain do not contradict each other. How it works
At Consensus Miami, representatives from Moody’s and ChangeNOW explained why the conflict between user anonymity and regulatory demands is not a dead-end but rather an engineering challenge with workable solutions.
False dilemma
Public blockchains are transparent by nature: every transaction is recorded, accessible, and traceable. This makes them suitable for auditing and monitoring — but at the same time, it exposes users' financial activity to an extent that clashes with the fundamental concept of privacy.
False dilemma
Public blockchains are transparent by nature: every transaction is recorded, accessible, and traceable. This makes them suitable for auditing and monitoring — but at the same time, it exposes users' financial activity to an extent that clashes with the fundamental concept of privacy.
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Banks are trying to stall the implementation of the GENIUS Act on stablecoin regulationBanking associations in the U.S. have asked the Treasury to extend the public comment period for the implementation of the GENIUS Act, the stablecoin regulation law.
This week, they sent a letter to the Department of the Treasury and the Federal Deposit Insurance Corporation. Bankers want the deadlines for three proposals under the GENIUS Act pushed back at least 60 days after the Office of the Comptroller of the Currency wraps up its rulemaking.
Banks are trying to stall the implementation of the GENIUS Act on stablecoin regulation
Banking associations in the U.S. have asked the Treasury to extend the public comment period for the implementation of the GENIUS Act, the stablecoin regulation law.
This week, they sent a letter to the Department of the Treasury and the Federal Deposit Insurance Corporation. Bankers want the deadlines for three proposals under the GENIUS Act pushed back at least 60 days after the Office of the Comptroller of the Currency wraps up its rulemaking.
This week, they sent a letter to the Department of the Treasury and the Federal Deposit Insurance Corporation. Bankers want the deadlines for three proposals under the GENIUS Act pushed back at least 60 days after the Office of the Comptroller of the Currency wraps up its rulemaking.
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