Summary
- The U.S. Treasury has begun the implementation procedures for the stablecoin regulatory law 'GENIUS Act'.
- The Treasury said it plans to solicit public comments on regulatory compliance, anti-money laundering, and tax issues.
- It said the solicitation of comments will run until October 20.
On the 19th (local time), according to CoinDesk, a media outlet specializing in virtual assets (cryptocurrencies), the U.S. Treasury has begun the implementation procedures for the stablecoin regulatory law 'Genius Act (GENIUS Act)'.
The Treasury plans to solicit public comments related to regulatory compliance, anti-money laundering, tax issues, etc., until October 20.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
