Paradigm and Hyperliquid Policy Center Push Back on GENIUS Act Stablecoin Rule

Article excerpt

Paradigm and Hyperliquid Policy Center are opposing a stablecoin rule embedded in the GENIUS Act, arguing it imposes unnecessary restrictions on digital asset issuers. The groups contend the provision could stifle innovation in the crypto sector by creating regulatory barriers that limit how stablecoins can be created and managed. Their pushback represents a broader industry effort to shape ongoing congressional crypto legislation before it advances further. The opposition highlights the central tension between regulators seeking to protect consumers and industry players advocating for lighter-touch oversight.