🚨 BREAKING: FED PROPOSES NEW STABLECOIN RULES
The U.S. Federal Reserve has proposed a new regulatory framework for payment stablecoins under the GENIUS Act.
Here’s what the proposal includes:
🔹 Reserve backing — Supervised stablecoin issuers would need to fully back their tokens with permitted reserve assets, including short-term U.S. Treasury bills.
🔹 Capital requirements — The proposal would introduce standardized capital requirements to address credit and operational risks.
🔹 Risk management — New standards would apply to stablecoin-related activities and firms safeguarding reserve assets.
🔹 Bank-issued stablecoins — The proposal would create an application process for certain Fed-supervised banks seeking to issue payment stablecoins.
The proposals are not final rules yet. The Federal Reserve is accepting public comments for 60 days after publication in the Federal Register.
Federal Reserve
Could clearer stablecoin rules change the crypto industry? 👀
#CryptoNews #Stablecoin #Bitcoin #Ethereum #Blockchain #BinanceSquare
The U.S. Federal Reserve has proposed a new regulatory framework for payment stablecoins under the GENIUS Act.
Here’s what the proposal includes:
🔹 Reserve backing — Supervised stablecoin issuers would need to fully back their tokens with permitted reserve assets, including short-term U.S. Treasury bills.
🔹 Capital requirements — The proposal would introduce standardized capital requirements to address credit and operational risks.
🔹 Risk management — New standards would apply to stablecoin-related activities and firms safeguarding reserve assets.
🔹 Bank-issued stablecoins — The proposal would create an application process for certain Fed-supervised banks seeking to issue payment stablecoins.
The proposals are not final rules yet. The Federal Reserve is accepting public comments for 60 days after publication in the Federal Register.
Federal Reserve
Could clearer stablecoin rules change the crypto industry? 👀
#CryptoNews #Stablecoin #Bitcoin #Ethereum #Blockchain #BinanceSquare