THE BLOCK: The Federal Reserve Board is seeking public comment on two proposals tied to the implementation of the GENIUS | Hanami
THE BLOCK: The Federal Reserve Board is seeking public comment on two proposals tied to the implementation of the GENIUS Act: one covering reserve assets and capital requirements, and another establishing an application process for certain banks seeking to issue stablecoins.
The proposals are part of the central bank’s effort to implement the stablecoin law passed last year.