Blockchain Association Supports Treasury’s GENIUS Act Rules for Stablecoin Issuers

The Blockchain Association has publicly endorsed the U.S. Treasury’s proposed rules under the GENIUS Act that target stablecoin issuers. The association’s position focuses on two main points.

Limiting Client Identification Requirements

The group supports restricting client identification obligations to transactions that occur directly between the stablecoin issuer and its customers in the primary market. This approach aims to simplify compliance for issuers while maintaining oversight of initial token sales.

Call for Clearer Definitions

In addition to the client‑ID stance, the association urges the Treasury to provide more precise definitions within the rulemaking. Clear terminology is seen as essential for consistent implementation and regulatory certainty across the industry.