Crypto Industry Group Asks Treasury To Clarify GENIUS Act Rules For DeFi
Summary
The Blockchain Association asked the US Treasury to clarify proposed GENIUS Act rules, arguing they should distinguish regulated customer-facing businesses from DeFi infrastructure such as self-custody software and validators. It also called for a narrow standard for knowing participation in unlawful issuance and realistic compliance expectations for services handling foreign-issued stablecoins. These are industry advocacy positions; Treasury has not adopted them. Final rules will determine how broadly compliance duties extend beyond stablecoin issuers.
