Forex
Federal Reserve Seeks Public Input on Stablecoin Regulations Under GENIUS Act
The Federal Reserve has launched a public comment period on proposed stablecoin regulations under the GENIUS Act.
The proposal addresses three key areas: stablecoin reserve assets, capital requirements for issuers supervised by the Fed, and approval procedures for these issuers.
This is part of an effort to flesh out stablecoin rules under the GENIUS Act. The Fed will collect feedback from market participants and stakeholders on the proposed regulatory framework as part of this process.