Comment from Main Street Foundation Center for Regulatory Analysis and Engagement
Main Street Foundation Center for Regulatory Analysis and EngagementSupportAdvocacy
Summary: The Main Street Foundation's Center for Regulatory Analysis and Engagement (CRAE) supports the NCUA's effort to establish a supervisory framework for payment stablecoin issuers. They argue for a risk-based, proportionate approach that maintains statutory fidelity to the GENIUS Act while ensuring that requirements are tailored to the specific economic functions and risks of stablecoins rather than traditional banking.
Attached are comments from the Main Street Foundation Center for Regulatory Analysis and Engagement.