Treasury Puts Dates on the Stablecoin Deposit Rail
Treasury's proposed rule on section 3 of the GENIUS Act carries two different start dates for two different prohibitions. The sector's shorthand collapses them; the text does not.
Treasury's proposed rule on section 3 of the GENIUS Act carries two different start dates for two different prohibitions. The sector's shorthand collapses them; the text does not.
Two Hillsborough County filings put Worldpay, Trustly, Yodlee, Praxis Tech and Breeze Labs Payments on the defendant list beside the operators the state says they served. Nothing is proved yet — but the theory on trial is that the rail is part of the machine.
The deposit-and-withdrawal rail as a product: settlement in minutes, finality with no complaints counter, a bankroll that floats, and fees that tax the small withdrawal.