Comment from Conference of State Bank Supervisors (CSBS)
Conference of State Bank Supervisors (CSBS)SupportTrade association
Summary: The Conference of State Bank Supervisors (CSBS) supports the proposal to require stablecoin issuers to have the technical capability to block and freeze transactions in both primary and secondary markets. However, they oppose the mandatory notice and consultation process between federal regulators and FinCEN, arguing it would create inefficiencies and supervisory divergence, and instead recommend an optional consultation process.
See attached comments from the Conference of State Bank Supervisors (CSBS).