The Federal Deposit Insurance Corporation (FDIC) is set to introduce a formal regulatory framework for US stablecoins this month, as revealed by acting chair Travis Hill. The agency is working on implementing the GENIUS Act, which designates the FDIC as the primary regulator for bank-issued stablecoins and establishes capital, liquidity, and diversification standards to safeguard market stability. Public consultations will follow before final rule adoption, while related regulatory efforts by the Treasury and Federal Reserve are ongoing to ensure comprehensive oversight of the stablecoin market in the United States.
Continue to read FDIC to Launch Formal US Stablecoin Regulation Framework This Month, Acting Chair Confirms
The Federal Deposit Insurance Corporation (FDIC) is set to introduce a formal regulatory framework for US stablecoins this month, as revealed by acting chair Travis Hill. The agency is working on implementing the GENIUS Act, which designates the FDIC as the primary regulator for bank-issued stablecoins and establishes capital, liquidity, and diversification standards to safeguard market stability. Public consultations will follow before final rule adoption, while related regulatory efforts by the Treasury and Federal Reserve are ongoing to ensure comprehensive oversight of the stablecoin market in the United States.
Continue to read FDIC to Launch Formal US Stablecoin Regulation Framework This Month, Acting Chair Confirms
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