Fed Seeks Public Input on Stablecoin Rules Under GENIUS Act
The Federal Reserve Board is soliciting public comment on two proposals to regulate payment stablecoin issuers it supervises under the GENIUS Act.
The Federal Reserve Board has issued a call for public comment on a pair of proposals designed to build out a regulatory framework for payment stablecoin issuers that fall under its supervisory authority, as directed by the GENIUS Act.
The twin proposals mark a significant step toward formalizing federal oversight of a fast-growing segment of the digital-asset market. Payment stablecoins — cryptocurrencies pegged to stable assets such as the U.S. dollar — have attracted mounting regulatory attention as their use in commerce and financial transactions has expanded.
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By requesting public input, the Fed is following standard rulemaking procedure, giving industry participants, consumer advocates, academics, and other stakeholders an opportunity to weigh in before any final rules take effect. The comment process is a key mechanism through which regulators refine proposed rules to address practical concerns raised by affected parties.
The GENIUS Act provides the legislative foundation for the framework, assigning the Federal Reserve a defined role in supervising certain stablecoin issuers. The Board's dual proposals suggest regulators are approaching the task on multiple fronts, though the precise scope and technical requirements of each proposal were outlined in the full release.
The move aligns with a broader push across U.S. financial regulators to establish clearer guardrails for digital assets, particularly instruments that function similarly to money and could carry systemic implications if widely adopted. Continue reading at FRB: Press Release - All Releases.
