Fed Unveils 130-Page Stablecoin KYC Rule Under GENIUS Act
The proposal wires stablecoin issuers into the Bank Secrecy Act alongside banks — and the dissent from Michael Barr signals the harder fight is in the secondary market, not the issuer.
Every Zipp story tagged #GENIUS, newest first.
The proposal wires stablecoin issuers into the Bank Secrecy Act alongside banks — and the dissent from Michael Barr signals the harder fight is in the secondary market, not the issuer.
Drafts cover staking, mining, de minimis exemptions, and stablecoin payments — the procedural posture is the signal, with a formal hearing before markup suggesting movement rather than messaging.
The $XAGE-style spike landed without a corporate catalyst, and management's market-surveillance referral suggests the episode is being treated as potential market manipulation rather than a benign…
Sixfold monthly growth is real, but USAT's market cap is still under 0.2% of USDC's — the GENIUS Act is opening the door, and Tether is walking in through Anchorage last.
The synthetic-dollar issuer is positioning fUSD for the GENIUS Act era — but the yield story is the part institutional holders will actually price in.
The 15-9 Senate Banking vote puts the market-structure bill on a runway toward a floor vote — pairing it with the already-passed GENIUS Act to give the U.S.
The Digital Chamber told the OCC that Warren's reading of the National Bank Act is wrong — and that the charters for Ripple, Circle, Coinbase, Paxos, Fidelity and BitGo reflect the OCC's longstanding…