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The U.S. Treasury has proposed rules under the GENIUS Act for state oversight of stablecoins, with a 60-day public comment period. Issuers with less than $10 billion in circulation may be supervised by states if they meet federal standards. Compliance with anti-money laundering and sanctions rules is mandatory. Discussions are ongoing about aligning the GENIUS framework with existing laws. Some concerns remain about stablecoin yields.
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