Comment from Defense Credit Union Council
Defense Credit Union CouncilSupportAdvocacy
Summary: The Defense Credit Union Council (DCUC) supports the NCUA's proposed rule to implement the GENIUS Act, advocating for a supervisory framework that promotes safety, soundness, and innovation for credit unions in the stablecoin market. They recommend maintaining consistency with federal banking agencies, adopting principles-based requirements, and reducing unnecessary operational and reporting burdens.
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