US agencies miss GENIUS Act deadline for final stablecoin rules
CoinTelegraph·
60-second summary
US agencies miss the GENIUS Act deadline for final stablecoin rules, issuing 10 proposed regulations instead. The one-year timeframe has expired, leaving the industry uncertain about the regulatory framework. The delay may impact investor confidence and the growth of stablecoins, a crucial aspect of the digital asset market, which is expected to continue its expansion.
US regulators failed to finalize implementing regulations by the GENIUS Act’s one-year deadline, issuing 10 proposed rules instead.