PolicyCoinDeskabout 3 hours ago
Fed Proposes Stablecoin Rules Under GENIUS Act
4 min read
The Federal Reserve proposed two rules on Thursday to implement its part of the GENIUS Act, covering capital and reserve requirements and procedures for Fed-regulated banks to issue stablecoins. The proposals, open for 60-day public comment, also address the law's ban on paying stablecoin yield, aligning with the OCC's approach.
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