The Federal Reserve is poised to implement stricter regulations for stablecoin issuers, signaling a significant shift in the crypto landscape. Fed Governor Michelle Bowman emphasized the impending enforcement of the GENIUS Act, which aims to establish consistent regulatory requirements for these assets. This move comes as part of efforts to curb ‘regulatory arbitrage,’ where firms exploit differing regulatory approaches to secure an advantage. 🧠Bowman has proposed recalibrating Basel III rules, potentially relaxing standards for Wall Street while tightening them for digital asset companies. This change could lead to a more level playing field for traditional banking institutions and crypto players alike.