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Regulation & supervisionT1RegulatorUS

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

Published Quote last verified

  • Stablecoins
  • Regulation

Executive summaryFact

The Fed issued two proposals under the GENIUS Act covering reserve assets, standardized capital requirements and risk management for payment stablecoin issuers it supervises.

Primary source: Federal Reserve Board ↗

Key factsFact

Event
Proposed rule
Jurisdiction
US
Source
Federal Reserve Board
Source tier
Tier 1 · Regulator / central bank
Regulation
GENIUS Act

Key datesFact

    On the regulatory timeline

    From the sourceFact

    “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”

    Verbatim from Federal Reserve Board✓ string-matched against the live page 2026-10-22

    Why it matters for banksAnalysis

    State member banks and their subsidiaries considering issuance should model reserve composition and the proposed capital charge, and consider commenting before the deadline.

    Editorial analysis, not advice.

    What remains uncertain

    • The comment period closes 60 days after Federal Register publication; the press release gives no calendar date.

    AIAI-assisted: summary and analysis were drafted with AI from the primary source and are the editor’s responsibility. AI-drafted from the primary source; quote string-matched by scripts/verify.mjs. Methodology · Corrections · Report an error

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