PANews reported on November 6th that Circle announced on its official blog that it has submitted a comment letter to the U.S. Treasury Department regarding the implementation of the GENIUS Act. The letter emphasizes recommendations for a comprehensive regulatory framework for stablecoins to ensure consumer protection, fair market competition, and global interoperability. Circle proposes a series of policy principles, including protecting customer funds, achieving interoperability through mutual recognition, ensuring the same rules apply to the same activities, maintaining a balance of competition domestically and internationally, setting clear consequences, and providing contingency plans. It also points out that rulemaking should reinforce Congressional intent, providing clear and robust rules for all issuers accessing the U.S. market, while offering transparent and easily understandable financial products and services to the American people.