A major stablecoin issuer just made its stance crystal clear on regulatory oversight. The company's pushing Treasury officials to establish uniform compliance standards under the proposed GENIUS Act framework — and they're not asking for special treatment.

Their pitch? Whatever rules get written should apply equally whether you're a traditional bank, a tech-native financial firm, or an offshore entity trying to enter the US market. No carve-outs, no jurisdictional loopholes.

This comes as lawmakers continue hammering out specifics on how to supervise dollar-backed digital assets without stifling innovation. The industry's clearly betting that clarity beats ambiguity, even if it means tougher compliance requirements across the board.