The Blockchain Association argued that permissionless protocol participants should not face blanket identification or geolocation obligations when interacting only with public wallet addresses.

From the articleBlockchain Association backs Treasury stablecoin rule but wants tighter definitionsAlso in Blockchain Association says Treasury's GENIUS Act rollout needs clearer DeFi, foreign issuer rules, GENIUS Act: Blockchain Association Seeks Clearer DeFi, Stablecoin Rules