Fed Tackles Stablecoin Regulation with GENIUS Act Proposals
The U.S. Federal Reserve has taken steps to implement proposals for the GENIUS Act, which aims to regulate stablecoins in the country.
The move comes as part of a broader effort by regulators to bring more oversight and transparency to the cryptocurrency market.
The GENIUS Act would require stablecoin issuers to provide information on their reserves, risk management practices, and other key metrics.