✉news BusinessBanking first seen 2 h ago, last 17 min ago, peak #18
Federal Reserve Proposes Stablecoin Rules Under the GENIUS Act
The Federal Reserve has put forward proposed rules governing stablecoins under the GENIUS Act, the US legislation establishing a federal framework for dollar-pegged digital tokens. The proposal would set out how banks and issuers must comply with the new law, covering reserves, oversight and market access. Industry participants and policymakers are weighing how the rules will shape the US stablecoin market.
Why now: The Fed's proposal is the first major regulatory step implementing the GENIUS Act, directly affecting crypto issuers and banks.
Federal ReserveGENIUS Actstablecoins
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- Federal Reserve Proposes Stablecoin Rules Under the GENIUS Act · Cryptonews.net
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