Banks seek to slow down implementation of crypto's GENIUS Act on stablecoin oversight

CoinDesk (nprofile…nhef)
BANKS SEEK TO SLOW DOWN IMPLEMENTATION OF CRYPTO'S GENIUS ACT ON STABLECOIN OVERSIGHT


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✍️ U.S. banking groups are concerned about the rapid pace of federal agencies' efforts to regulate stablecoins, which may lead to unclear interactions between rules.
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👉 U.S. banking groups are concerned about the rapid pace of federal agencies' efforts to regulate stablecoins
👉 The groups believe that the current pace of rule-making is too fast
👉 They are urging for a more coordinated approach to regulation

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#business
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quoting
nevent1q…d0ly

CoinDesk (nprofile…nhef)

U.S. banking groups argued that a number of federal agencies are moving quickly on stablecoin regulations, making it hard to understand how rules will interact.
https://www.coindesk.com/policy/2026/04/22/banks-seek-to-slow-down-implementation-of-crypto-s-genius-act-on-stablecoin-oversight