🇺🇸 BREAKING 🚨 The Fed has proposed new rules for stablecoins under the GENIUS Act. 🔹 Stablecoins will be required to be 100% backed by safe and liquid assets, such as short-term U.S. Treasury bills. 🔹 Issuers will be subject to capital and risk management requirements. 🔹 A new regulatory framework will be established for banks engaging in stablecoin activities. #Stablecoin #FED #GENIUSAct #Crypto #Bitcoin
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