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- Fed’s Bowman Says Bank Regulators Working on Stablecoin Rules
The Federal Reserve’s top bank cop plans to tell House lawmakers Tuesday that she will work to establish new rules for banks and stablecoins, as regulators seek to ensure healthy competition
- Fed’s Bowman signals new rules for banks and stablecoins
The Federal Reserve will create new rules for stablecoins and banks to support fair competition and responsible innovation Michelle Bowman will work with other regulators to set capital rules for stablecoin issuers under the Genius Act
- Feds Bowman Signals Strict New Rules for Stablecoin Issuers
The Mandate: Fed Governor Michelle Bowman confirmed that specific rules for stablecoin issuers under the GENIUS Act are “nearing completion ” The Conflict: The Fed is moving to block “regulatory arbitrage,” signaling that crypto firms seeking charters will face bank-like scrutiny
- Fed Prepares New Rules for Banks and Stablecoin Issuers: Bowman
Key Highlights Fed’s Vice Chair Michelle Bowman said regulators are drafting new rules for banks and stablecoin issuers to address rapid changes in fintech and crypto She warned that digital-asset firms and nonbank lenders are increasingly competing with traditional banks, demanding clearer rules The Fed is developing capital and liquidity requirements for stablecoin issuers under the
- Federal Reserve’s Bowman Warns Banks and Stablecoin Issuers of Imminent . . .
According to a Bloomberg report, Bowman stated to lawmakers that her mandate is to support responsible innovation while strengthening regulators’ capacity to identify risks arising from new financial technologies She reiterated that agencies are advancing work on capital and diversification standards required under the GENIUS Act, which obligates stablecoin issuers to register and maintain
- Fed Confirms New Stablecoin Rules Under the GENIUS Act
A Direct Confirmation from the Fed Bowman stated that the Federal Reserve is “working with the other banking regulators to develop capital, liquidity, and diversification regulations for stablecoin issuers as required by the GENIUS Act ”
- Federal Reserves Bowman: Bank regulators are working on developing . . .
Federal Reserve Governor Bowman plans to tell House members on Tuesday that she will work to develop new rules for banks and stablecoins as regulators seek to ensure healthy competition among Wall Street, fintech companies, and cryptocurrency firms
- Fed’s Bowman pushes lawmakers for tougher stablecoin rules
Fed Governor Michelle Bowman will urge Congress to support new rules for banks and stablecoins Innovation must be encouraged but supervised to protect financial stability, she says, according to Bloomberg News Bowman will also update lawmakers on bank capital reforms amid broader tensions between banks and crypto firms over charters and regulatory parity
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