Fed seeks public comment on stablecoin issuer regulation under GENIUS Act

🚨 Fed calls for public feedback on stablecoin issuer regulation under the GENIUS Act.
📊 Proposed rules would force issuers to fully back stablecoins with top-tier assets.
🔍 Banks must submit applications detailing their approach to issuing $USDT-like coins.
📅 The GENIUS Act became law in July 2025 under President Trump.

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