New York’s DFS has proposed a GENIUS Act-aligned stablecoin rule. The regulator pitched adding reserve concentration caps, mandatory CEO/CFO monthly certifications, and a two-business-day redemption window for licensed issuers. The rule, 23 NYCRR Part 202, retains NY’s core 2022 requirements while matching the federal framework needed for state regulators to keep oversight of smaller issuers. A one-year transition window for existing licensees was included as well.
This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.
Post your reply