CryptoYahoo Finance3 days ago
New York wants big tech out of stablecoin business
1 min read
New York proposed regulations on June 9 that would bar public companies not predominantly engaged in financial activities from issuing stablecoins. The rule aligns with the GENIUS Act, which became federal law in July 2025. Big tech firms could still issue with unanimous approval from a federal committee.
Level
Hype check
Tap to vote and see what everyone thinks.
