CryptoNeutralBlockonomi · 3h ago7/10
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New York DFS Proposes Updated Stablecoin Framework for GENIUS Act Compliance
New York's Department of Financial Services has unveiled an updated stablecoin regulatory framework designed to align with the federal GENIUS Act while preserving the state's independent regulatory authority. This proposal represents a critical step toward establishing a dual-layer regulatory system that balances federal certification requirements with state-level oversight.