Comment from Circle Internet Group, Inc.
Circle Internet Group, Inc.SupportBusiness
Summary: Circle Internet Group, Inc. supports the NCUA's proposed implementation of the GENIUS Act, advocating for a consistent federal framework for payment stablecoins. They propose specific revisions to ensure the rule maintains a clear distinction between payment stablecoins and credit union share products, emphasizes standalone "ring-fenced" issuer requirements, and ensures interagency consistency across federal regulators.
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