Stablecoin issuers would also be required to create mechanisms that would allow them to comply with orders to freeze transactions, and grants the Secretary of the Treasury the authority to block and prohibit transactions involving stablecoins issued by foreign persons or entities.

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Latest Draft of U.S. Stablecoin Bill Aims to Split Power Between State and Federal Authorities

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The GENIUS Act, in it’s March 3, 2025 revision, introduces a new requirement for stablecoin issuers, including foreign ones, to have the technical capabilities to comply with and enforce legal orders, such as blocking, freezing, burning, seizing, or preventing stablecoin transactions

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The GENIUS Act, in it’s March 3, 2025 revision, introduces a new requirement for stablecoin issuers, including foreign ones, to have the technical capabilities to comply with and enforce legal orders, such as blocking, freezing, burning, seizing, or preventing stablecoin transactions