In our letter, we support full and faithful implementation of GENIUS to create a consistent national regime for permitted payment stablecoin issuers, regulated foreign payment stablecoin issuers, and the consumers who rely on them. Rulemaking should reinforce Congressional intent to make clear, robust rules of the road that support comprehensive compliance by all issuers that touch U.S. markets while giving Americans transparent, easy-to-understand financial products and services.
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