GENIUS Act Lacks âNecessary Guardrailsâ For Investor Protection, NYAG Letitia James Tells Congress
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币界网报道：New York Attorney General Letitia James warned Congress that the Senate's GENIUS Act lacks sufficient protections for stablecoin regulation, urging lawmakers to slow down and strengthen oversight. In an eight-page letter, James proposed treating stablecoin issuers as banks, banning non-bank issuers, and requiring U.S. domicile to close the "Tether loophole." She also advocated for digital identity verification to combat illicit finance. The Senate recently passed the bill, while the House considers its own STABLE Act, with key differences remaining unresolved between the two versions.
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