American Fintech Council Urges Treasury for Stablecoin Framework
The American Fintech Council has called on the United States Treasury to establish a clear stablecoin framework under the GENIUS Act.
The American Fintech Council has formally urged the United States Treasury to implement a clear and comprehensive framework for stablecoins, pointing to the GENIUS Act as the legislative vehicle for the initiative, according to FF News.
Regulatory Clarity Sought
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The appeal highlights growing industry pressure on federal regulators to provide explicit guidelines for digital asset issuers and financial technology firms operating within the sector.
Key facts
- The American Fintech Council made the appeal to the United States Treasury.
- The request centers on establishing a clear stablecoin framework.
- The initiative is tied to the GENIUS Act.
Source: news.google.com
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