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Crypto wrap: GENIUS Act update, EU sanctions, and MiCA consultation closure

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Regulators are no longer waiting for Congress, after the US Treasury issued its long-awaited Notice of Proposed Rulemaking implementing Section 3 of the GENIUS Act on August 17. The notice laid out out who can lawfully issue, offer, or sell payment stablecoins in the US, and critically, what it means for

Treasury

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