⚡ Fed Proposes New Stablecoin Rules Under GENIUS Act
🇺🇸 The Federal Reserve has proposed rules for payment stablecoin issuers it supervises under the GENIUS Act.
💵 Stablecoins would need to be fully backed by permitted reserve assets, including short-term U.S. Treasury bills and other high-quality liquid assets.
⏱️ The proposal also includes two-business-day redemption standards, capital requirements, risk controls, and greater reserve transparency.
🏦 The framework also outlines how eligible banks could seek approval to issue payment stablecoins.
⚠️ These are proposed rules, not final regulations. Public comments are open for 60 days after Federal Register publication.
👀 Could stricter reserve and redemption rules accelerate trust in regulated stablecoins?
#Stablecoins #GENIUSAct #FederalReserve #CryptoRegulation
🇺🇸 The Federal Reserve has proposed rules for payment stablecoin issuers it supervises under the GENIUS Act.
💵 Stablecoins would need to be fully backed by permitted reserve assets, including short-term U.S. Treasury bills and other high-quality liquid assets.
⏱️ The proposal also includes two-business-day redemption standards, capital requirements, risk controls, and greater reserve transparency.
🏦 The framework also outlines how eligible banks could seek approval to issue payment stablecoins.
⚠️ These are proposed rules, not final regulations. Public comments are open for 60 days after Federal Register publication.
👀 Could stricter reserve and redemption rules accelerate trust in regulated stablecoins?
#Stablecoins #GENIUSAct #FederalReserve #CryptoRegulation
