Senators Urge Treasury Ensure State Authority in GENIUS Rules

Jun 17, 2026 - 03:45
Senators Urge Treasury Ensure State Authority in GENIUS Rules
A bipartisan group of US senators led by Republican Senator Cynthia Lummis has urged the Treasury to ensure that state authorities are given the ability to regulate stablecoin issuers as the department considers how to implement the GENIUS Act. In a letter to Treasury Secretary Scott Bessent on Tuesday, the lawmakers said it was critical...

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