Comment from Cornerstone Credit Union League
AnonymousSupportTrade association
Summary: The Cornerstone Credit Union League supports the NCUA's approach to implementing the GENIUS Act but urges the agency to ensure the rules are tailored to credit union capital structures and competitive realities. They request specific clarifications on definitions, reserve asset diversification, data collection burdens, and consumer disclosures to facilitate credit union participation in the stablecoin market.
Attached please find comments from the Cornerstone Credit Union League.
Sincerely,
Suzanne Yashewski