NEAR News NEAR Protocol (NEAR) held near $1.92 as US regulators let the GENIUS Act’s one-year rulemaking deadline pass without a single final rule in place | Bitget crypto news!
- US regulators missed the July 18 deadline for finalizing rules under the GENIUS Act concerning stablecoins, leaving issuers with incomplete compliance frameworks.
- The missed deadline effectively locks in an January 18, 2027 effective date for stablecoin regulations, compressing preparation windows for firms.
- Regulatory uncertainty surrounding reserve eligibility and AML/KYC standards impacts stablecoins on networks like NEAR Protocol, affecting on-chain liquidity and RWA settlement.
Topics: Legal regulatory, Jurisdictions, Infrastructure providers, Securities law classification, Regulatory sandboxes pilots, Tokenization platforms
Tags: #geniusact #stablecoin #nearprotocol #usregulators #rulemakingdeadline #regulatoryambiguity #onchainliquidity #blackrock #aml #kyc