Comment from Illinois Credit Union League
Illinois Credit Union LeagueSupportTrade association
Summary: The Illinois Credit Union League (ICUL) supports the NCUA's supplemental proposed rule to implement the GENIUS Act, praising the efforts to create a clear regulatory framework for stablecoins. They advocate for a risk-based, proportionate approach that recognizes the unique cooperative structures of credit unions while seeking specific clarifications on definitions, custody, and consumer protections.
Comment on behalf of Illinois Credit Union League.