BREAKING: 🇺🇸 The Federal Reserve is moving forward with implementing the GENIUS Act, unveiling two proposals for regulating payment stablecoins.
The rules would establish reserve and capital requirements for stablecoin issuers and create a formal process for Fed-supervised banks seeking approval to issue their own stablecoins.
The rules would establish reserve and capital requirements for stablecoin issuers and create a formal process for Fed-supervised banks seeking approval to issue their own stablecoins.
