The U.S. regulatory story is moving in two different directions.
The CLARITY Act failed to advance in the Senate on Sept. 15, falling short of the 60 votes required. (Reuters)
But stablecoin regulation is moving forward.
The Fed has now proposed rules implementing the GENIUS Act, including reserve requirements, capital standards and rules for banks involved in stablecoin issuance/custody. (Réserve fédérale)
Interesting distinction:
Crypto market structure → still politically uncertain.
Stablecoin infrastructure → increasingly institutionalized.
That’s a narrative worth watching.
#Crypto #Stablecoins #Regulation
The CLARITY Act failed to advance in the Senate on Sept. 15, falling short of the 60 votes required. (Reuters)
But stablecoin regulation is moving forward.
The Fed has now proposed rules implementing the GENIUS Act, including reserve requirements, capital standards and rules for banks involved in stablecoin issuance/custody. (Réserve fédérale)
Interesting distinction:
Crypto market structure → still politically uncertain.
Stablecoin infrastructure → increasingly institutionalized.
That’s a narrative worth watching.
#Crypto #Stablecoins #Regulation