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CoinOtag 2025-12-03 00:07:29

US Lawmakers Question Fed on Stablecoins as FDIC Advances GENIUS Act Framework

The GENIUS Act stablecoins framework, signed into law in July, empowers the Federal Reserve and FDIC to establish national regulations for payment stablecoins, promoting innovation while ensuring oversight. This addresses regulatory gaps, allowing banks to engage with digital assets under clear guidelines. GENIUS Act Overview: Establishes federal standards for stablecoin issuers, replacing fragmented state rules [...]

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