🚨New York OFFICIALLY Proposed GENIUS Act-Aligned Stablecoin Rules — Ripple’s RLUSD Could Be A BIG Winner 🤯🇺🇸🔥 New York’s Department of Financial Services (@NYDFS) has OFFICIALLY proposed a NEW stablecoin framework aligned with the federal GENIUS Act. 👀 And guess what? @Ripple has ALREADY received NYDFS approval for $RLUSD. ✅ 📅 10-day pre-proposal comment period is now open 📅 60-day formal public comment period follows 📅 Once FINALIZED, the rules are expected to take effect alongside the GENIUS Act, with a 1-year compliance runway for existing NYDFS-regulated issuers. @Ripple’s $RLUSD could enter the federal stablecoin era ALREADY positioned for compliance. 🚀🔥

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.

The regulatory landscape for crypto is being rewritten in real time. The GENIUS Act sets the first US federal framework for stablecoins with rules due by July. The CLARITY Act passed the House 294-134 and is advancing through the Senate, finally drawing clear lines between SEC and CFTC jurisdiction. In March, the SEC and CFTC jointly confirmed that staking is not a securities transaction. Meanwhile, the EU hits full MiCA enforcement on July 1, Japan opens its market to foreign stablecoins on June 1, and Dubai and Abu Dhabi continue to attract institutional capital with clear licensing frameworks. 2026 is the year crypto regulation goes from ambiguous to architected.

Paradigm is calling out the FDIC for overreach. The $GENIUS Act bans stablecoin issuers from paying yield, not third parties from distributing rewards. FDIC's proposed framework would restrict that anyway. Paradigm says the agency is reading things into the law that Congress never wrote. 🔍 $USDC $USDT #Stablecoins

🇬🇧 The UKs FCA proposed allowing UCITS and similar retail funds to invest up to 10% in crypto ETNs, including Bitcoin products

🇪🇺 Az EU 11 kriptoplatform elleni tiltást javasol az új orosz szankciókban Az Európai Unió 21. szankciós csomagjában 11 kriptoplatformmal szembeni tranzakciós tilalmat javasol. Kaja Kallas szerint a csomag az orosz szankciók kijátszását segítő szereplőket célozza, és 31 további orosz bankra, valamint 20 harmadik országbeli entitásra is kiterjedne. Az érintett platformok nevét egyelőre nem hozták nyilvánosságra. A lépés azt jelzi, hogy az EU a bankok és az energiaszektor mellett már a kriptós szolgáltatókat is szorosabban figyeli. #kriptovaluta #cryptofalka #EU #OroszSzankciok #KriptoPlatformok #KajaKallas

New York aligns stablecoin rules with GENIUS Act, bringing state oversight into federal crypto framework, per state legislature filing. $ETH at $1,632, down 3.2% in 24h.

Zodia Custody becomes first regulated EU custodian to offer integrated stablecoin custody and payments after securing Luxembourg payment license. Source: Theblock

NYDFS drops a draft stablecoin framework: issuers must redeem within 2 business days, meet reserve, cybersecurity and disclosure rules. Acting Superintendent Asrow says it lines up with the GENIUS Act. Not financial advice. #stablecoins #crypto