Travis Hill, acting chair of the FDIC, stated plans to announce regulations for stablecoin issuers under the GENIUS Act. He expects the proposed rule to be ready later this month, with full implementation of requirements by the end of December 2025.
The Federal Reserve is working alongside banking regulators to create capital and liquidity standards for stablecoin issuers as outlined in the GENIUS Act. These measures aim to enhance the regulatory framework for the rapidly evolving stablecoin market.
Leave a Reply