U.S. Treasury and HM Treasury Issue Joint Digital Asset Roadmap as GENIUS Act Audit Threshold Nears Implementation

The U.S. Treasury and HM Treasury released joint recommendations on digital assets as the GENIUS Act’s $50 billion issuer audit threshold moves toward implementation. According to NS3.AI, the roadmap supports stablecoins, tokenized deposits, and tokenized assets, and outlines standards focused on custody, reserve segregation, and consumer protection. Federal Reserve Chair Kevin Warsh said the central bank is racing to meet a July 18 rulemaking deadline.