Fed Unveils GENIUS Act Proposals for Stablecoin Issuers
The U.S. Federal Reserve has released two proposals aimed at implementing the GENIUS Act and creating a regulatory framework for stablecoin issuers.
The first proposal concerns reserves for these issuers, while the second focuses on rules for banks that want to issue stablecoins.
This move is part of the GENIUS Act, which aims to create a more comprehensive regulatory environment for digital assets in the U.S.