U.S. senators urge Treasury not to leave states out of GENIUS Act stablecoin process (opens original article in a new tab)

U.S. senators urge Treasury to clarify the GENIUS Act certification process for states to ensure their stablecoin regulations meet federal standards, citing confusion over current proposals and requesting procedural guidance.

• U.S. senators urge Treasury to provide clear GENIUS Act certification process for states
• States need explicit process to prove regulatory standards match federal requirements
• Lawmakers request written procedural guidance with clear timelines for state certification
• Letter signed by bipartisan senators highlights confusion over current Treasury proposals