Tag: limbo
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U.S. Financial Regulators Miss Key GENIUS Act Deadline, Leaving Stablecoin Framework in Limbo
United States financial regulators have failed to meet the July 18 rulemaking deadline for the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, leaving the nascent framework for payment stablecoins largely reliant on a series of incomplete and unfinalized proposals. While this delay does not invalidate the landmark legislation, it introduces significant uncertainty…
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