NCA and Blockchain Association push Treasury to revise GENIUS Act rules
- —NCA wants holders to retain redemption and conversion rights after a stablecoin loses issuance eligibility
- —It also seeks public disclosure of deadlines and permission to reissue stolen stablecoins under court orders
- —BA asks regulators to differentiate service providers and rely on official lists for foreign issuers
- —BA opposes requirements to identify anonymous users on decentralized networks
Why it matters: The GENIUS Act rules will shape how stablecoins such as USDT and USDC operate in the U.S. after 2028.
Source: AMBCrypto