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

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The Federal Reserve Board has officially requested public comment on two key proposals aimed at establishing a comprehensive regulatory framework for payment stablecoin issuers supervised by the Board. This regulatory initiative is being developed under the mandates of the GENIUS Act. The proposed rules seek to introduce strict oversight, capital requirements, and operational standards for financial institutions and fintech entities issuing fiat-backed digital currencies intended for payment processing.