Crypto
🏦Fed proposes size-based capital rules for stablecoin issuers
The Rundown: The Federal Reserve released proposed rules under the GENIUS Act that would impose capital and custody requirements on banks issuing stablecoins.
The details:
- ●The Federal Reserve proposed size-based capital requirements for bank stablecoin issuers under the GENIUS Act.
- ●Custody rules would cover BNY Mellon, which is the main custodian for USDC.
- ●The SEC allowed ARK Venture Fund to add exchange-traded and tokenized share classes, potentially giving private assets like SpaceX and OpenAI a market price.
- ●Binance bought $100 million of Circle stock, while the ECB launched the Pontes system to settle tokenized assets in central bank money.
Why it matters: Regulatory clarity is finally arriving for stablecoins, which directly affects any crypto or fintech founder. Size-based capital requirements mean smaller banks can participate, potentially opening new partnerships. The ARK decision is also huge for private market liquidity — if tokenized shares take off, early investors could see real exits before IPOs.
📰 Source: The Defiant