CryptoBitcoin

Comment of Coin Center to the Department of the Treasury on GENIUS Act Regulations on Payment Stablecoin Issuance, Offer, and Sale

Read full article at source ↗

Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 20/10/2026, 18:30:23 UTC.

Briefings

Coin Center, an independent nonprofit, submitted a comment to the Department of the Treasury regarding the GENIUS Act regulations on payment stablecoin issuance. The agency proposed a rule defining 'participation' in unlawful issuance, which could criminalize routine technical activities like block validation. Coin Center argues that 'coordinating' requires an explicit agreement with the issuer, not just technical involvement, to avoid overcriminalizing independent liquidity providers.

Key points

• Coin Center recommends clarifying that 'coordinating with the issuer' requires an explicit agreement for material facilitation, not just technical activity.
• The proposed rule targets persons who act as market makers or distribute stablecoins, potentially criminalizing independent liquidity provision.

Context

The GENIUS Act prohibits non-permitted persons from issuing payment stablecoins in the U.S. Coin Center, a nonprofit focused on crypto policy, argues that vague definitions of 'participation' risk criminalizing independent liquidity providers who validate transactions but do not coordinate with issuers.

Limitations

Evidence is limited to a single comment from Coin Center; specific numbers, dates, or actor names are not provided in the source text.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 20/10/2026, 18:32:35 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

View archived briefing on IPFS
bafybeiehmkhhssjkphwyzfh75wiisvs23m4tsmh2eohf4cvdsissmeqiwe