The Federal Reserve proposed new capital, redemption and disclosure requirements for stablecoin issuers as it moves to implement the GENIUS Act.
- The Federal Reserve has proposed new capital, redemption, and disclosure rules for stablecoin issuers to implement the GENIUS Act.
- The proposals include operational-risk capital charges, redemption timelines, and monthly reserve reporting requirements, with a focus on ensuring stablecoins remain redeemable during market stress.
- The Fed is also establishing an application process for banks wishing to issue payment stablecoins, with public comment open for 60 days.
Topics: Legal regulatory, Jurisdictions, Scalability, Securities law classification, Regulatory sandboxes pilots, Growth metrics
Tags: #stablecoinissuers #federalreserve #geniusact #capitalrequirements #redemptionrules #disclosurerequirements #reserves #paymentstablecoins #michaelbarr
No comments:
Post a Comment