​

  • Claim

Name

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

Types

Claim

Quotes that support claims

He added that the bill could require issuers to comply with future orders that may instruct them to "seize, freeze, burn, or prevent the transfer of payment stablecoins" or else block digital assets and accounts with "reasonable particularity." That would give U.S. authorities the power to control digital assets within their jurisdiction and places additional operational burdens on existing issuers.
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.

Referenced by

About GENIUS stablecoin act

Crypto news

Data block

Summary

Crypto news

Data block