Fed Opens Public Comment on GENIUS Act Stablecoin Rules
JH Kim
Summary
- The U.S. Federal Reserve has opened a public comment process on proposed stablecoin rules under the GENIUS Act.
- The proposal covers stablecoin reserve assets, capital requirements and approval procedures for issuers supervised by the Fed.
- The Fed will gather feedback from market participants and stakeholders as part of an effort to flesh out stablecoin rules under the GENIUS Act.
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The Federal Reserve has opened a public comment period on proposed stablecoin rules under the GENIUS Act.
Cointelegraph reported on September 24 that the proposal covers stablecoin reserve assets, capital requirements and approval procedures for issuers supervised by the Fed.
The Fed will gather feedback from market participants and other stakeholders on the proposed regulatory framework.
The process is part of an effort to flesh out stablecoin rules under the GENIUS Act.
JH Kim
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