Treasury’s first GENIUS rule tightens Washington’s grip on who can scale stablecoins

Treasury’s first proposed rule under the GENIUS Act does more than outline stablecoin supervision, as it shows where control sits as the market scales: states may license issuers early, but Washington sets the terms that matter once stablecoins become large enough to matter to the dollar system. Treasury's first proposed GENIUS rule landed on April […] The post Treasury’s first GENIUS rule tightens Washington’s grip on who can scale stablecoins appeared first on CryptoSlate.