Financial Institutions Request Delay in Implementation of Stablecoin Regulation Under the GENIUS Act
The cryptocurrency sector often finds itself at odds with bankers over regulatory matters, and this time, a coalition of banking trade associations has petitioned the US Department of the Treasury to extend the public consultation period for the implementation of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, enacted last year. In a letter addressed to the Treas…
April 22, 2026, 4:23 p.m.