US Regulators Move Closer to Implementing Federal Rules for Stablecoin Issuers
In a significant development, the US Federal Deposit Insurance Corporation has formally proposed its approach to regulating stablecoin issuers, as mandated by the Guiding and Establishing National Innovation for US Stablecoins Act. The proposal, which aligns with the Office of the Comptroller of the Currency's earlier suggestion, will be open for public comment for 60 days, during which time the …