Circle has submitted a comment letter to the U.S. Treasury, advocating for a strong framework in the implementation of the GENIUS Act regarding U.S. dollar payment stablecoins. The company emphasizes the importance of establishing a comprehensive regulatory structure that supports and oversees the use of stablecoins in the economy. Circle highlights that such a framework is essential for fostering innovation while ensuring consumer protection and market integrity. Furthermore, the letter calls for collaboration among stakeholders to create an effective regulatory environment that addresses the unique characteristics of stablecoins and their operational needs.
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