The U.S. advances unified stablecoin regulation, state-level frameworks need to be "substantially similar" to federal.

[Coin World] The U.S. Stablecoin Verification Review Committee will determine whether the frameworks of various states are "substantially similar" to the federal stablecoin issuance system. The committee is led by the Secretary of the Treasury and includes the Fed Chair and the Chair of the Federal Deposit Insurance Corporation (FDIC). Consensus must be reached for state jurisdictions to obtain federal approval for stablecoin regulation. The "GENIUS Act" aims to streamline state-level regulation, and Gavin Meyers, a partner in Financial Service regulation at Pierson Ferdinand LLP, stated that the bill is expected to reduce the chaotic situation of state regulation.

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ReverseTradingGuruvip
· 08-20 00:47
Regulation and all that is so annoying.
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SchroedingerGasvip
· 08-20 00:23
Who manages the stablecoin wallet
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