Blockchain Association seeks changes to GENIUS Act ID rules

NEW: The Blockchain Association has filed comments on proposed customer identification rules for stablecoin issuers under the GENIUS Act.
The group supports the core regulatory approach but is asking for clarification on several implementation details.
The debate matters because stablecoin compliance rules could shape onboarding, privacy, and operating costs across the U.S. market.
For crypto companies, the next phase of regulation is increasingly about how new laws are implemented rather than whether they exist.