Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act
Why now
Thesis: Stablecoin issuers edge toward formal Fed oversight
Catalyst to watch: Comment period feedback and final rule proposals
Main risk: Rules could impose costly reserve or supervision burdens
Why it matters
A formal Fed framework for supervised stablecoin issuers would legitimize bank-adjacent issuance and shape reserve and payment rules.
Details
Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act
Related assets & topics
Federal ReserveCryptoBanksInterest RatesSources
- fedpress · federalreserve.gov · 2026-09-24 18:30 UTC