✉news BusinessBanking first seen 16 h ago, last 9 h ago, peak #18
Federal Reserve Proposes Stablecoin Rules Under the GENIUS Act
The Federal Reserve has put forward proposed rules for stablecoins under the GENIUS Act, the US legislation establishing a federal framework for dollar-pegged digital tokens. The proposal would set requirements for issuers operating under US oversight. The move marks a key step in implementing the new stablecoin law and is being closely watched by banks, crypto firms, and regulators assessing how the market will be supervised.
Why now: The Federal Reserve's proposal is a major regulatory step for stablecoins that affects crypto firms and banks
Federal ReserveGENIUS Actstablecoins
Evidence
- Federal Reserve Proposes Stablecoin Rules Under the GENIUS Act · Cryptonews.net
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