Comment from VeloxVFX LLC
VeloxVFX LLCSupportBusiness
Summary: VeloxVFX LLC, a company developing interoperability architecture, supports the NCUA's implementation of the GENIUS Act by advocating for a "lifecycle-separated" relationship-state classification. They argue that the framework should clearly distinguish between different types of relationships (e.g., credit union members vs. stablecoin issuer customers) to preserve institutional boundaries, improve supervisory readability, and ensure audit-oriented traceability.
VeloxVFX LLC respectfully submits the attached public comment in response to the National Credit Union Administration proposed rule, "Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the NCUA."
Please see attached PDF.