📊 REGULATION ALERT

🟢 Stablecoin Rules Unveiled: Federal Reserve Proposes Reserves and Capital Requirements

• The Federal Reserve has opened two proposals under the GENIUS Act, seeking public comment on new rules for stablecoin issuers.
• Supervised issuers must back tokens fully with safe assets, such as cash or government securities.
• Banks seeking to issue stablecoins will need to apply through a new application process.
• The proposals aim to enhance transparency, stability, and consumer protection in the stablecoin market.

Drop your thoughts on the new regulations 👇

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