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Senators Press Treasury to Preserve State Role in GENIUS Act

2026-06-19 19:30:12

Abstract generation in progress

A bipartisan group of US senators urged the Treasury to protect state authority over stablecoin issuers under the GENIUS Act's $10 billion threshold. The law allows issuers at or below that market value to be regulated by states with largely similar laws. Public comments closed on June 2, and Treasury will draft a final rule for the Federal Register.

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