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Collins J. Okoth

FDIC to Deliver GENIUS Act Stablecoin Framework to Congress by December 31

The Federal Deposit Insurance Corporation will submit its initial regulatory proposal for stablecoin issuers under the GENIUS Act to the House Financial Services Committee by December 31, acting Chairman Travis Hill announced on December 2. The framework will establish capital requirements, liquidity standards, and reserve asset diversification rules for federally supervised stablecoin issuers.
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