Consumer Reports letter to Treasury Department on safeguards needed to protect consumers as part of the implementation of the GENIUS Act

Consumer Reports letter calling on the Treasury Department  to adopt a number of rules to protect consumers and the financial system from the potential risks of the growing stablecoin market. CR’s letter was submitted in response to the Treasury’s request for public input as part of an advance notice of proposed rulemaking on questions related to the implementation of the GENIUS Act, which was passed this summer by Congress to create a regulatory framework for stablecoins.

IssuesMoney