US Agencies Miss GENIUS Act Deadline for Final Stablecoin Rules
US Agencies Miss GENIUS Act Deadline for Final Stablecoin Rules
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US regulators failed to meet the one-year deadline imposed by the GENIUS Act to finalize implementing regulations for stablecoins. Instead of final rules, the agencies issued 10 proposed rules, signaling a continued delay in stablecoin regulatory clarity.
US regulators failed to finalize implementing regulations by the GENIUS Act’s one-year deadline, issuing 10 proposed rules instead.