Letter To Congress
Request for Amendments to the GENIUS Act to Uphold the Integrity of the U.S. MSB Regulatory Framework.
Legislation Alert
The GENIUS Act Must Recognize Non-Bank Stablecoin Issuance As Regulated Money Transmission Under Federal & State Law.
Our Letter
An industry-led appeal urging Congress to amend the GENIUS Act and uphold MSB regulatory integrity.
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Industry Insight
Stablecoins echo historical monetary regimes and must be treated as institutional continuations, not disruptions.
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Policy Position
The U.S. MSB industry supports modernization—but insists on preserving the dual-licensure compliance structure.
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Stablecoin
Clarify that stablecoins are digital payment instruments governed by federal and state MSB laws, not digital assets.
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Summary
A formal industry appeal to the U.S. House urging key amendments to the GENIUS Act that protect existing MSB oversight, preserve dual licensing, and reinforce FinCEN’s AML authority while preventing regulatory overreach and political centralization.
One-pager
An official appeal from the MSB industry urging Congress to amend the GENIUS Act—safeguarding dual licensing, preserving FinCEN’s AML authority, and preventing centralization of regulatory power in politically vulnerable hands.
