Fed Seeks Public Input on Stablecoin Rules Under GENIUS Act
The Federal Reserve Board is requesting public comment on two proposals to regulate payment stablecoin issuers it supervises under the GENIUS Act.
The Federal Reserve Board has opened a public comment period on two regulatory proposals aimed at creating a supervisory framework for payment stablecoin issuers that fall under the central bank's oversight, citing the recently enacted GENIUS Act as the legislative foundation.
The dual proposals represent the Fed's initial steps toward formalizing rules governing a class of digital assets designed to maintain a stable value, typically pegged to the U.S. dollar. Stablecoins have grown in prominence as tools for payments and crypto trading, drawing increasing scrutiny from U.S. financial regulators seeking to bring the sector under established banking-style supervision.
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The GENIUS Act, which provided Congress's legislative mandate for stablecoin oversight, designates the Federal Reserve as a primary regulator for certain issuers, making the Board's rulemaking effort a central component of the broader federal effort to integrate digital payment assets into the regulated financial system.
By soliciting public comment, the Fed follows standard administrative procedure that allows industry participants, consumer advocates, academics, and other stakeholders to weigh in before final rules are adopted. The comment process is expected to shape how capital, liquidity, and operational requirements will be applied to Board-supervised stablecoin issuers going forward.
Continue reading at FRB: Press Release - All Releases.
