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Blockchain Association backs GENIUS Act but seeks clearer stablecoin rules from Treasury

Market News
20 Oct 2026
Crypto Economy
View Source
Neutral
Blockchain Association backs GENIUS Act but seeks clearer stablecoin rules from Treasury

The Blockchain Association supports the Treasury's proposed GENIUS Act framework aimed at regulating stablecoins. However, it requests more precise definitions for key areas such as digital asset service providers, issuers, secondary-market activities, and unlawful participation. Clarifying these terms is important to ensure effective regulation without stifling innovation. The Treasury may revise the rules based on this feedback before finalizing the framework.

Ripple CLO stablecoin regulation is the subject, with Pluang market data providing context. For readers following major cryptocurrencies, 20 rose and 29 fell out of 50 priced assets on Pluang. Notable movers as of Oct 20, 2026 19:51 WIB include BAL at Rp16.297 (+11.14%), EOS at Rp12.649 (+8.13%), and COMP at Rp412.409 (+6.81%) with 99% buy order activity.

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