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Paradigm Submits Comments on GENIUS Act State-Level Regulatory Pathway to U.S. Treasury

Regulation & Policy

2026-06-03 01:03:54

According to Paradigm's official blog, the firm submitted comments to the U.S. Treasury Department on June 3 regarding the GENIUS Act state-level regulatory pathway rules. Paradigm supports the proposal's core framework but identified four issues requiring modification for the state-level channel to effectively serve issuers. Key recommendations include anchoring the federal framework to finalized OCC regulations, establishing a 180-day decision deadline for tri-agency certification with specific rejection standards, allowing states to adjust 12-month operating reserve requirements based on issuer size and risk profile, and addressing gaps in preventing hostile state actions.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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