According to TechFlow TechFlow, on May 5th, Circle announced that it has submitted a comment document to the Office of the Comptroller of the Currency (OCC) in the United States, proposing suggestions on the implementation details of the GENIUS Act and listing six core viewpoints:
1. US standards should become the global benchmark: strengthen international trust in the US dollar stablecoin and its ability to export its institutional influence;
2. Stablecoins should serve as a unified payment tool: to avoid market fragmentation affecting liquidity and settlement efficiency;
3. Consumer protection is the core principle: ensuring that holders can redeem their assets at par value at any time;
4. Fair competition regulatory framework: Banks and non-bank issuers should be within the same regulatory framework;
5. Strengthen systemic risk management: covering liquidity, credit, operational, and compliance risks;
6. Distinguish between stablecoins and tokenized deposits: They have different functions and should be regulated separately.
