CoinScoopU.S. Federal Reserve Proposes Stablecoin Regulations Under GENIUS Act
The U.S. Federal Reserve (FRB) released two proposed rules on September 24 to formalize stablecoin regulations under the GENIUS Act. The proposals mandate that stablecoin issuers maintain 100% backing for their assets under Federal Reserve supervision.
Summaries are written by AI from the original article. Not investment advice.