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Blockchain Association urges Treasury for clearer DeFi and foreign issuer rules in GENIUS Act

2 reports1 sources10/22/2026 updated

Current overview (not historical)

AI overview

The Blockchain Association has submitted comments to the Treasury Department, arguing that the proposed GENIUS Act lacks clarity regarding the regulatory boundaries for DeFi protocols and foreign issuers. The group contends that the current rules for payment stablecoins are insufficiently defined, urging the Treasury to provide more specific guidance to address these gaps.

Written with AI from the reporting · updated 10/22/2026

Latest developmentOct 23, 02:59
Blockchain Association urges Congress for crypto tax clarity amid stalled bill
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  1. 1Unclassified fact stationOct 20, 00:00recorded Oct 20, 12:19single source

    Blockchain Association files comments on Treasury's GENIUS A

    Read original source ↗ The BlockReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    Blockchain Association
    Action：
    filed comments
    Object：
    Treasury's proposed rule implementing the GENIUS Act
    Occurred (fact side)：
    Oct 20, 00:00
    The Block ↗Report pageOriginal / first version
    Published (valid side)：
    Oct 20, 12:07
    First seen (known side)：
    Oct 20, 12:19
    Fact stationSingle source · one-sided claim

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

  2. 2Unclassified fact stationOct 22, 00:00recorded Oct 23, 03:28single source

    Blockchain Association pushes for crypto tax clarity

    Read original source ↗ The BlockReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    Blockchain Association
    Action：
    urge Congress to pass legislation
    Object：
    tax uncertainty
    Occurred (fact side)：
    Oct 22, 00:00
    The Block ↗Report pageOriginal / first version
    Published (valid side)：
    Oct 23, 02:59
    First seen (known side)：
    Oct 23, 03:28
    Fact stationSingle source · one-sided claim

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

Uncertainty marks flag where to check the sources; they are not proven causation.

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Oct 23
  1. The BlockRelated fact: single source
    Blockchain Association urges Congress for crypto tax clarity amid stalled bill

    Report first recorded Oct 23, 03:28

    The Blockchain Association is urging Congress to pass legislation to resolve tax uncertainty surrounding cryptocurrency as broader crypto bill progress stalls.

    Read original source ↗
Oct 20
  1. The BlockRelated fact: single source
    Blockchain Association urges Treasury to clarify DeFi and foreign issuer rules in GENIUS Act rollout

    Report first recorded Oct 20, 12:19

    The Blockchain Association has filed comments on Treasury's proposed rule implementing the GENIUS Act, which governs payment stablecoin issuance and sales. The group argues the rule lacks clarity on how decentralized finance protocols and foreign issuers should comply.

    Read original source ↗

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