U.S. Senator Cynthia Lummis, along with several Republican and Democratic lawmakers, sent a letter to Treasury Secretary Scott Bessent, requesting the Treasury Department to provide clearer procedural guidance for states applying for stablecoin regulatory framework certification under the GENIUS Act. The lawmakers stated that the previously published state-level regulatory assessment principles by the Treasury Department do not specify the certification application, review, and timeline, which could impact states' future participation in the stablecoin regulatory system. Therefore, they called on the Treasury Department to issue written guidelines clarifying the certification process and specific requirements. (CoinDesk)