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Federal Reserve proposes new stablecoin rules requiring customer screening under GENIUS Act
The Federal Reserve proposed new rules requiring stablecoin issuers to screen customers under the GENIUS Act. Powell supports the move while Warsh abstains.
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cryptobriefing.com
Fed proposes bank-like identification standards for stablecoin issuers
The Federal Reserve and FinCEN propose customer identification requirements for stablecoin issuers under the GENIUS Act, opening a public comment period.
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decrypt.co
Jerome Powell Supports Fed's New Stablecoin Policies—But Chair Kevin Warsh Abstains - Decrypt
The proposed rulemaking establishes how U.S. crypto companies will have to screen stablecoin customers after the passage of the GENIUS Act.
