Warren Calls on Treasury to Close Gaps in GENIUS Act to Protect Consumers, U.S. Financial Stability, and National Security | Crypto Craft

  • Warren Calls on Treasury to Close Gaps in GENIUS Act to Protect Consumers, U.S. Financial Stability, and National Security

    From banking.senate.gov

    U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to Treasury Secretary Scott Bessent providing feedback on the Treasury Department’s advance notice of proposed rulemaking on its plans to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). “Experts, policymakers, and Democratic and Republican members of Congress have raised the importance of fixing flaws in the GENIUS Act as written. It is critical that Treasury take steps to implement and enforce the law in a manner that attempts to ... (full story)

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