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Treasury proposed GENIUS change forces US exchanges to audit foreign stablecoin or face delisting

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Platforms could rely on foreign issuers only after reasonable diligence, while comments on the proposed standard remain open through Oct. 19.The postTreasury proposed GENIUS change forces US exchanges to audit foreign stablecoin or face delistingappeared first onCryptoSlate.

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US treasury relies on stablecoins to fund short-term debt, but they can’t fix its $28B long-bond problem

GENIUS reserves stop at 93 days while Treasury expands liquidity buybacks across 10- to 30-year debt.The postUS treasury relies on stablecoins to fund short-term debt, but they can’t fix its $28B long-bond problemappeared first onCryptoSlate.

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