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US Agencies Miss GENIUS Act Deadline, Extending Stablecoin Uncertainty
US Agencies Miss GENIUS Act Deadline, Extending Stablecoin Uncertainty
Authored by Zoltan Vardai via CoinTelegraph.com,
US regulatory agencies missed the rulemaking deadline under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act on Saturday, which marked one year since the law was signed.
Several US regulatory agencies published proposed rules and collected public feedback during the past year, but no final regulations were issued before the deadline.
These agencies include the Department of the Treasury, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and...
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