Wire · operational-macro
American Fintech Council Urges Treasury for Clear Stablecoin Framework Under GENIUS Act
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Fusion42 · 20 October 2026 · Fusion42 review
The American Fintech Council has formally responded to the U.S. Department of the Treasury's proposed stablecoin regulatory framework under the GENIUS Act, advocating for clear rules to prevent regulatory arbitrage while supporting cross-border payments and self-custody.
This Wire brief sits within Fusion42's coverage of Fintech, and 12 sources have reported it between 20 Oct 2026 and 22 Oct 2026.
◆ ◆ The Wire takeaway
You must now plan for a clear US stablecoin rulebook that treats payments by transaction rather than issuer type. This opens the door to legal cross-border transfers and self-custody but closes hiding places for regulatory loopholes.
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12 sources · first reported 20 Oct 2026 · latest 22 Oct 2026
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