Fed Proposes Stablecoin Reserve and Capital Rules Under GENIUS Act

The Federal Reserve Board is requesting public comment on two proposals related to establishing a regulatory framework for the payment stablecoin issuers it supervises under the GENIUS Act, it said in a Thursday (Sept. The agency released two notices of proposed rulemaking and will accept comment on them for 60 days after their publication in the Federal Register, according to the release. One proposal would require that board-supervised payment stablecoin issuers fully back