A closer look at “Crypto Group Urges Treasury to Clarify GENIUS Act Rules for DeFi and Stablecoins”, exactly as the source publishes it. The Blockchain Association is pressing the U.S. Treasury to refine proposed GENIUS Act rules, arguing that definitions around digital asset service providers could inadvertently sweep in DeFi software, validators, and other infrastructure. The group wants clear distinctions between customer-facing financial businesses and non-custodial tools, and it insists that liability for unlawful stablecoin issuance should require actual knowledge and meaningful assistance, not mere secondary-market activity.
Foreign stablecoin issuers are also a focus: the association says compliance should not demand that every service provider investigate issuers with which it has no direct relationship. These comments come as the regulatory battle over stablecoins moves from Capitol Hill to the implementation phase. Treasury must now weigh industry calls for workable rules against its mandate to police payment systems and financial crime. The full version stays on the original page, which this listing opens directly.