✉news BusinessBanking first seen 13 h ago, last 10 h ago, peak #13
Fed Proposes Rules to Build GENIUS Act Stablecoin Framework
Original: The Fed Builds the GENIUS Act Bank-Grade Plumbing — Two NPRMs, Two Paths, One Deadline
The US Federal Reserve has issued two notices of proposed rulemaking to implement the GENIUS Act, laying out the regulatory plumbing for banks and other issuers in the stablecoin market. The proposals set out two different paths for compliance under a single deadline, and are open for public comment. Bankers and crypto firms are watching closely, since the rules will determine how stablecoin issuers gain federal oversight and access to the banking system.
Why now: The Fed's proposed rules are the first concrete step in implementing the GENIUS Act's stablecoin regime, directly affecting banks and crypto issuers ahead of the comment deadline.
Federal ReserveGENIUS Actstablecoins
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- The Fed Builds the GENIUS Act Bank-Grade Plumbing — Two NPRMs, Two Paths, One Deadline · forkast.news
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