The Blockchain Association recommended that digital asset service providers be allowed to rely on publicly available regulatory lists from the Treasury and OCC rather than conducting open-ended due diligence on foreign stablecoin issuers.

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