Fed Seeks Public Input on Stablecoin Rules Under GENIUS Act
The Federal Reserve Board is requesting public comment on two proposals to create a regulatory framework for payment stablecoin issuers it oversees under the GENIUS Act.
The Federal Reserve Board has opened a public comment period on two separate proposals aimed at establishing a formal regulatory framework for payment stablecoin issuers that fall under the Board's supervisory jurisdiction, as authorized by the GENIUS Act.
The twin proposals signal the Fed's move to operationalize stablecoin oversight responsibilities assigned to it by the legislation, marking a significant step toward institutionalizing federal rules for a rapidly expanding corner of the digital-asset market.
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By soliciting public feedback, the Board is following standard rulemaking procedure under the Administrative Procedure Act, allowing industry participants, consumer advocates, academics, and other stakeholders to weigh in before final rules are adopted.
The GENIUS Act, which provides the statutory basis for the framework, designates the Federal Reserve as the primary federal regulator for certain payment stablecoin issuers, a role that the proposals now seek to define in concrete regulatory terms.
The breadth and specifics of the two proposals — including reserve requirements, redemption standards, and supervisory expectations — will be shaped in part by the comments received during the public input period. Continue reading at FRB: Press Release - All Releases.
