ZachXBT Announces Major Crypto Investigation

The post Why the US Treasury Isn’t Rushing to Implement GENIUS Act appeared on BitcoinEthereumNews.com. The US Treasury is continuing to prepare for the GENIUS Act, opening a second window for public comment. This will allow stakeholders to give feedback on possible implementation plans. After regulators finalize a plan to effectuate this law, a speedy deadline will immediately begin. Therefore, this is another non-binding step to give officials and stablecoin issuers maximum flexibility. Will Treasury Implement GENIUS Soon? Since President Trump signed the GENIUS Act, a key piece of US stablecoin regulation, the industry has been wondering about its potential impact. The US Treasury has two deadlines to implement the GENIUS Act: either 18 months after the signing or 120 days after finalizing a concrete plan. Sponsored Sponsored Apparently Treasury is taking some meaningful steps towards this plan, opening a window for public comment on this implementation. This will allow community stakeholders to offer their feedback: “Today, the US Department of the Treasury issued an Advance Notice of Proposed Rulemaking (ANPRM), seeking public comment related to Treasury’s implementation of the GENIUS Act. The ANPRM…offers the public an opportunity to contribute to the implementation of this law,” the press release claimed. This isn’t the first time that the US Treasury has solicited feedback on GENIUS Act implementation, opening a similar window last month. The previous request focused on security enforcement considerations, while the new one is more general. Both are set to wrap up in mid-October. Looming Deadlines Explained On one hand, this is further progress from Treasury on effectuating the GENIUS Act. Nonetheless, it’s still a non-binding step: Treasury is under no obligation to implement any of this feedback. Technically speaking, there’s no guarantee that regulators will release this action plan any time soon. After they release this action plan, a speedier deadline will be set. This is an ambiguous situation, but one that can…

Milestone achievement reflects Novelis’ strong commitment to operational excellence, industrial practices, and enhanced security across the aerospace supply chain

Recently, PANews interviewed Smokey The Bera, co-founder of Berachain, to unravel the background of the establishment of this anonymous project, Berachain's PoL mechanism, the latest developments, and answered widely concerned topics such as airdrop expectations and new opportunities in the DeFi field.