Banks seek to slow down implementation of crypto's GENIUS Act on stablecoin oversight

Banks seek to slow down implementation of crypto's GENIUS Act on stablecoin oversight

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enPolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBanks seek to slow down implementation of crypto's GENIUS Act on stablecoin oversightU.S. banking groups argued that a number of federal agencies are moving quickly on stablecoin regulations, making it hard to understand how rules will interact.By Jesse Hamilton|Edited by Nikhilesh De Apr 22, 2026, 4:23 p.m. Make preferred on Banks have asked the U.S. Treasury Department to temporarily hit the brakes on GENIUS Act rulemaking. (Jesse Hamilton/CoinDesk)What to know: The U.S. banking industry is asking for a pause on GENIUS Act comment periods for several stablecoin regulations until the Office of the Comptroller of the Currency finishes its effort. Several bank groups argued that the efforts from the Treasury Department and Federal Deposit

Source: https://www.coindesk.com/policy/2026/04/22/banks-seek-to-slow-down-implementation-of-crypto-s-genius-act-on-stablecoin-oversight