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.
Tokens
The Buy-and-Burn, Reviewed as a Mechanism
A share of house revenue buys the operator's own token on the open market and destroys most of it. The purchases are checkable on-chain; every input above them is a number the operator supplies.