Blockchain software company Consensys has submitted a detailed response to the Federal Deposit Insurance Corporation (FDIC) regarding its proposed stablecoin regulations, raising concerns about how the rules could be interpreted and enforced under the GENIUS Act. The filing marks another major step in the ongoing debate surrounding crypto regulation in the United States. The response follows a similar comment Consensys submitted to the Office of the Comptroller of the Currency (OCC) on May 1, along with a separate filing to the Treasury Department focused on state-level regulatory frameworks…. Read more
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