Fed Proposes Stablecoin Rules to Implement GENIUS Act
The U.S. Federal Reserve has proposed regulations to implement the GENIUS Act, including provisions covering stablecoin yield programs.
The U.S. Federal Reserve has put forward proposals to translate the GENIUS Act into regulatory rules, according to CoinDesk.
The proposals include provisions governing stablecoin yield programs. These are among the areas addressed as the Fed works to implement the legislation enacted last year.
The move marks a step toward implementing the law, rather than the adoption of final regulations.
Source: CoinDesk
