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Evidence record

Federal Reserve Board requests comment on GENIUS Act framework for Board-supervised payment stablecoin issuers

Read the item · published 2026-09-24

Evidence

Confidence
High Primary source (regulator / official record); quote string-matched against the live page.
Quote verified
2026-10-23 17:36 UTC
Archived snapshot
SHA-256 3746baa2d6656cf543ef2b729ef1cc39c5cfa3ad2ab2c9e879c2591482cbc461 · fetched 2026-10-23 · Wayback Machine copy ↗
Source type
Primary Federal Reserve Board ↗
Saved excerpt around the quote (source text, 2026-10-23)
… release at 2:30 p.m. EDT Share --> --> --> --> --> --> The Federal Reserve Board on Thursday requested public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act. The first proposal would require that Board-supervised payment stablecoin issuers fully back their stablecoins with certain permissible reserve assets, such as short-term Treasury bills and certain other high-quality, liquid assets. The proposal would also establish standardized capital requirements to address certain credit and operational risks of payment stablecoin activities, as well as risk management standards, in accordance with the law. Separately, the proposal would in …
Change log (12)
  1. 2026-10-23 Newsroom 2026-10-23 eve: +MAS/BNM/BOT BLOOM cross-border digital money (Tier 1, MAS media release); bank-negara-malaysia, bank-of-thailand entities; verify snap (b20c97d)
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Verified quotes

  • “The first proposal would require that Board-supervised payment stablecoin issuers fully back their stablecoins with certain permissible reserve assets, such as short-term Treasury bills and certain other high-quality, liquid assets.”
  • “The comment period will close 60 days after publication in the”

String-matched against https://www.federalreserve.gov/newsevents/pressreleases/bcreg20260924a.htm by scripts/verify.mjs before every deploy.

AI-drafted from the primary source; quote string-matched by scripts/verify.mjs · AI-assisted