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U.S. Banks Seek Delay in Genius Act Implementation as Agora Applies for Bank CharterSubstrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)
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U.S. Banks Seek Delay in Genius Act Implementation as Agora Applies for Bank Charter

Major U.S. banks have asked regulators for extended public comment periods before fully implementing the Genius Act, which would require stablecoin issuers to operate as banks. Banking groups also want to delay the law's rollout. Meanwhile, crypto firm Agora has filed for a natio…

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