# Industry Group Asks the Treasury to Clarify GENIUS Act Rules on DeFi and Wallet Location Checks as Payment Firms Build Stablecoin Networks

Circle says more than 175 institutions are helping build its payments network, while Mastercard and Zerohash released new stablecoin tools.

- Published: 2026-10-20T05:39:30.204Z
- Canonical: https://polylog.news/crypto/2026-10-20/industry-group-asks-the-treasury-to-clarify-genius-act-rules
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [crypto.news](https://crypto.news/genius-act-defi-rules/), [crypto.news](https://crypto.news/circle-cpn-175-institutions-money2020-bronze/), [Polylog editors](https://polylog.news), [CoinDesk](https://www.coindesk.com/business/2026/10/19/zerohash-rolls-out-a-new-tool-to-move-crypto-without-copying-wallet-addresses)

The Blockchain Association, a Washington trade group, has asked the Treasury Department to clarify how its rules under the GENIUS Act, the federal stablecoin law, will apply to decentralized finance. The group also wants clarity on foreign-…

This story is for subscribers. Read it in full at https://polylog.news/crypto/2026-10-20/industry-group-asks-the-treasury-to-clarify-genius-act-rules (subscription information: https://polylog.news/pricing).