Comment from The League of Credit Unions and Affiliates
The League of Credit Unions and AffiliatesSupportTrade association
Summary: The League of Credit Unions & Affiliates supports the NCUA's proposed rule to implement the GENIUS Act, commending the development of a clear regulatory framework for stablecoins. They advocate for specific clarifications on anti-evasion frameworks for yield, the definition of "digital asset service provider," and support a principles-based approach (Option A) for reserve and liquidity requirements.
See attached file(s)