Summary
- The Federal Reserve has opened a public comment period on proposed stablecoin regulations under the GENIUS Act.
- The proposal addresses stablecoin reserve assets, capital requirements and approval procedures for issuers supervised by the Fed.
- The Fed will collect feedback from market participants and stakeholders on the proposed regulatory framework as part of the process of fleshing out stablecoin rules under the GENIUS Act.
Forecast Trend Report by Period
The Federal Reserve has opened a public comment period on proposed stablecoin regulations under the GENIUS Act.
Cointelegraph reported on September 24 that the proposal addresses stablecoin reserve assets, capital requirements and approval procedures for issuers supervised by the Fed.
The Fed will collect feedback on the proposed regulatory framework from market participants and other stakeholders.
The process is part of an effort to flesh out stablecoin rules under the GENIUS Act.
JH Kim
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