CoinOtag
2025-12-02 21:00:26

Fed Vice Chair Questioned on Banks’ Stablecoin Engagement as Framework Nears

The GENIUS Act stablecoin regulation empowers the Federal Reserve to develop frameworks for digital assets, allowing banks to engage fully while ensuring stability. Signed into law in July 2025, it addresses stablecoin oversight amid congressional scrutiny over definitions and volatility risks. GENIUS Act Overview: Authorizes Federal Reserve to regulate payment stablecoins, promoting safe banking integration. [...]

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