Coinbase Global has called on the US Treasury Department to ensure its upcoming rules for the GENIUS Act remain faithful to Congress’s original intent. Key Takeaways: Coinbase urged the US Treasury to keep GENIUS Act rules aligned with congressional intent to avoid stifling crypto innovation. The exchange called for a narrow interpretation, excluding developers, validators, and open-source protocols from regulation. It proposed recognizing payment stablecoins as cash equivalents to simplify tax and a ...