View or download a PDF of the letter here.
AFREF submitted comments opposing the Treasury Department’s proposed rule on crypto stablecoins that lacks the safeguards needed to protect people from stablecoins, that did not even meet the GENIUS Act’s weak standards. It creates dangerous loopholes and exemptions that make it possible for offshore issuers to push risky stablecoins onto U.S. customers posing risks to people and the economy.