⚡ U.S. Federal Reserve Proposes New Rules for Bank-Issued Payment Stablecoins Under GENIUS Act
The Federal Reserve has proposed new rules for bank-issued payment stablecoins, requiring them to be fully backed by short-term Treasury bills or other highly liquid assets and redeemed within two business days. This move aims to standardize capital requirements and enhance oversight of stablecoin issuers.#BitwiseFilesToListNEARETFOnNYSEArca #SECSaysBuybacksUpgradesDontMakeTokenSecurity #QNTRises39% #BitgetBreachForgedRequestsNotStolenKeys #SECSaysBuybacksUpgradesDontMakeTokenSecurity
The Federal Reserve has proposed new rules for bank-issued payment stablecoins, requiring them to be fully backed by short-term Treasury bills or other highly liquid assets and redeemed within two business days. This move aims to standardize capital requirements and enhance oversight of stablecoin issuers.#BitwiseFilesToListNEARETFOnNYSEArca #SECSaysBuybacksUpgradesDontMakeTokenSecurity #QNTRises39% #BitgetBreachForgedRequestsNotStolenKeys #SECSaysBuybacksUpgradesDontMakeTokenSecurity