Fed Proposes Stablecoin Reserve and Capital Rules Under GENIUS Act

T2Covered by 1 source · first reported by PYMNTS at 25 Sept, 01:03 UTC

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. 24) press release. The agency released two notices of proposed rulemaking and…