🚨 IMAGINE EVERY STABLECOIN HAVING TO SHOW THE CASH BEHIND IT. 👀💵
That’s the direction the Fed is now proposing.
The Federal Reserve has proposed new reserve and capital rules for stablecoin issuers under the GENIUS Act.
The basic idea:
Every stablecoin issuer would face stricter requirements on what backs its tokens. 🏦
Cash.
U.S. Treasuries.
Highly liquid reserve assets.
But there’s another layer.
Fed Governor Michael Barr raised concerns about whether the proposed framework gives regulators enough power to oversee anti-money-laundering risks. ⚠️
The proposal is not final yet.
But if these rules take shape, stablecoin issuers could face a much more bank-like regulatory framework.
Crypto dollars are getting a rulebook. 👀
$USDT $USDC #Stablecoins #Crypto #Bitcoin
That’s the direction the Fed is now proposing.
The Federal Reserve has proposed new reserve and capital rules for stablecoin issuers under the GENIUS Act.
The basic idea:
Every stablecoin issuer would face stricter requirements on what backs its tokens. 🏦
Cash.
U.S. Treasuries.
Highly liquid reserve assets.
But there’s another layer.
Fed Governor Michael Barr raised concerns about whether the proposed framework gives regulators enough power to oversee anti-money-laundering risks. ⚠️
The proposal is not final yet.
But if these rules take shape, stablecoin issuers could face a much more bank-like regulatory framework.
Crypto dollars are getting a rulebook. 👀
$USDT $USDC #Stablecoins #Crypto #Bitcoin