FDIC moves to regulate stablecoin issuers under the GENIUS Act
By Cointelegraph by Brayden Lindrea
The FDIC has proposed rules to provide insurance for corporate deposits of stablecoin issuers under the GENIUS Act. However, this insurance will not extend to stablecoin holders, as it would conflict with the Act's text. The move aims to bring stablecoin issuers under closer regulatory oversight.
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