Treasury proposes rulemaking for licensing payment stablecoin issuers

Why it matters

The Treasury's proposed rulemaking to license payment stablecoin issuers represents a significant regulatory development that could materially affect the digital asset and payment markets, influencing credit availability and regulatory oversight in a growing sector.

Sources

• ABA Banking Journal

  Treasury proposes rulemaking for licensing payment stablecoin issuers

  The Treasury Department released proposed rulemaking to require digital asset providers to obtain a federal or state license before issuing payment stablecoins, as required by the Genius Act. The post Treasury proposes rulemaking for licensing payment stablecoin issuers appeared…