Svmuu News The U.S. Federal Deposit Insurance Corporation (FDIC) has proposed a new draft regulation aiming to regulate stablecoin issuers under its jurisdiction according to the "GENIUS Act," covering requirements for reserves, redemptions, capital, risk management, and custody.
The FDIC stated that the related reserve deposits will be insured, but this protection does not directly cover stablecoin holders. Meanwhile, the regulatory agency has solicited public comments on the rule details, with a comment period of 60 days. This proposal is a further step in implementing the "GENIUS Act," and the related regulatory framework is expected to be gradually refined.
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U.S. Federal Deposit Insurance Corporation Proposes Stablecoin Regulatory Rules, Clarifying Reserve and Redemption Requirements
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