Treasury Drew the Line Between Stablecoin Issuers and Everyone Else. The Stakes Are Not Equal.
The Treasury Department’s latest Notice of Proposed Rulemaking (NPRM) regarding the GENIUS Act attempts to draw a bright line between those who create stablecoins and those who merely move them around. Under the proposed §1523.1(c), the definition of an issuer hinges on economic substance rather than activity. If an entity bears the redemption-at-par obligation and […]
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- 2026-09-20 05:00 UTC
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- 2026-09-20 05:02 UTC
What happened
- Treasury Drew the Line Between Stablecoin Issuers and Everyone Else. The Stakes Are Not Equal.
Why it matters for stablecoins
Reviewed Forkast News reporting on Payments matters for Stablecoin payments readers.
Timeline
Publisher published the item
Forkast News reported the item at 2026-09-19T23:40:53.000Z.
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This event appears in Payments & Adoption because 1 public source support the summary. TxFlows classifies the evidence as reported news and reported news, with a standard reporting trust tier. Publisher links are shown only when the URL is safe to expose.
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