The US banking regulator is set to address state-by-state stablecoin regulations
2025-08-19 23:50:09
The US Stablecoin Certification Review Board will determine whether the states' frameworks are "substantially similar" to the federal stablecoin issuance regime. The board, which is headed by the Treasury secretary and includes the chairperson of the Federal Reserve and the chairperson of the Federal Deposit Insurance Corporation (FDIC), needs to reach an agreement in order for state jurisdictions to obtain federal approval for stablecoin regulation. The "GENIUS Act" aims to simplify state-level regulation, and Gavin Meyers, a financial services regulatory partner at Pierson Ferdinand LLP, said the bill is expected to reduce regulatory confusion in states.
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