Fed proposes stablecoin reserve and capital rules under GENIUS Act

Crypto Insight Summary: On Thursday (September 24), the Federal Reserve Board requested input from the public on two proposals that would move the payment stablecoin issuers it supervises to a more banking-like regulatory structure. The proposed regulations would require that issuers maintain a full reserve backing, adhere to fixed capital requirements, ensure safe custody, and get proper approval... Crypto Insight Analysis: Direction: Bearish USDT / Neutral USDC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Fed's stricter reserve requirements may pressure Tether's business model, while USDC's compliance may benefit.