The GENIUS Act proposes a new federal framework for stablecoins while still recognizing key state regulators like NYDFS.
What does this mean?
• NYDFS-regulated issuers may likely continue with minimal disruption.
• Other issuers may need to meet higher compliance standards or transition to federal oversight.
• The market could consolidate as regulation reshapes who can issue stablecoins.
For enterprises relying on stablecoins, issuer selection may be key to ensuring long-term stability.
Read more on today's Bastion Blog:
https://t.co/1f918M74z0