Banking and Finance Law Daily Wrap Up, FINANCIAL TECHNOLOGY—ABA, Better Markets respond to proposed GENIUS Act stablecoin rule, (Oct 21, 2026)
Organizations Mentioned:American Bankers Association | Better Markets, Inc.
By Colleen M. Svelnis, J.D.
Both the ABA and Better Markets requested revision of Treasury's proposed rules under Section 3 of the GENIUS Act, but they differed over reasonable belief protections and liability standards for digital asset service providers.