The proposed rulemaking establishes how U.S. crypto companies will have to screen stablecoin customers after the passage of the GENIUS Act.
Jerome Powell, head of the Federal Reserve, has endorsed new policies for stablecoins, focusing on how U.S. crypto firms will screen customers. This rulemaking follows the recent passage of the GENIUS Act. However, Chairman Kevin Warsh chose to abstain from the vote on these new…
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