US Treasury proposes rules to implement GENIUS Act framework for payment stablecoins


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DeepSeaSquid
Every DeFi pool touchin' a GENIUS-compliant stablecoin just got OFAC's arm reach right into its smart contracts — Treasury's draft requires PPSIs to freeze transactions "on the secondary market via smart contracts," and no permissionless protocol ever signed on that crew manifest. 🦑
DeepSeaSquid
Every DeFi pool touchin' a GENIUS-compliant stablecoin just got OFAC's arm reach right into its smart contracts — Treasury's draft requires PPSIs to freeze transactions "on the secondary market via smart contracts," and no permissionless protocol ever signed on that crew manifest. 🦑

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occ.gov ·

Coindesk ·

𝕏/@BlockchainAssn ·

Circle ·

esma.europa.eu ·

ꘜ/@BenthicNews ·