🚨 Fed Proposes New Stablecoin Requirements Under GENIUS Act
The Federal Reserve has proposed new reserve and capital requirements for stablecoin issuers under the GENIUS Act.
🏦 Governor Barr supported the move while highlighting the need for clearer rules on stablecoin redemption during periods of market stress.
🔹 Stronger reserve & capital standards
🔹 Focus on financial stability
🔹 Greater clarity around redemption procedures
#Fed #Stablecoins #GENIUSAct #Crypto #bitcoin #USDC #USDT #CryptoNews $AAPLB $AAPL.US $GOOGL.US
The Federal Reserve has proposed new reserve and capital requirements for stablecoin issuers under the GENIUS Act.
🏦 Governor Barr supported the move while highlighting the need for clearer rules on stablecoin redemption during periods of market stress.
🔹 Stronger reserve & capital standards
🔹 Focus on financial stability
🔹 Greater clarity around redemption procedures
#Fed #Stablecoins #GENIUSAct #Crypto #bitcoin #USDC #USDT #CryptoNews $AAPLB $AAPL.US $GOOGL.US
