Federal Reserve proposes rules to implement GENIUS Act stablecoin oversight
The Federal Reserve Board proposed regulations to implement the GENIUS Act for Board-supervised permitted payment stablecoin issuers and other entities under its jurisdiction. The proposal also covers the GENIUS Act's section 4(a)(8) anti-tying prohibition, which applies generally to all permitted payment stablecoin issuers. The document is a proposed rule, not a final rule.
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