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17:03
The United States officially launches the GENIUS Act implementation work, with a maximum issuance of $10 billion and the option for issuers to choose state-level regulation.
BlockBeats News, April 2nd — The U.S. Treasury Department officially launched the stablecoin innovation " GENIUS Act " implementation work, issued a proposed rulemaking notice as the first implementing regulation of the Act, totaling 87 pages, with a 60-day public comment period. Under the " GENIUS Act ," stablecoin issuers with a total circulation not exceeding $10 billion can choose to accept a state-level regulatory regime, provided that the state regulatory framework is "substantially similar" to the federal regulatory framework. The U.S. Treasury Department will establish broad principles to determine the "substantial similarity" through this notice.
16:54
According to the latest filing from the U.S. Securities and Exchange Commission (SEC), Jefferies Credit Partners BDC has made a share repurchase offer to investors.
The company plans to repurchase its own shares from shareholders, with the total amount not exceeding 5% of the net asset value (NAV) as of December 31, 2025. This tender will be dynamically adjusted based on the assessment of the company's NAV, providing investors with a phased exit channel. The document shows that this repurchase plan must comply with relevant regulatory requirements, and specific terms will be announced separately. Through such capital operations, the fund manager can effectively manage the fund share liquidity while optimizing the investment portfolio structure. Market analysis believes this reflects the fund management's confidence in current asset valuations and its proactive attitude towards protecting shareholder interests.
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