Federal Reserve Monitors Impact of GENIUS Act on Stablecoin Market

The Federal Reserve is closely examining the impact of stablecoins following the passage of the GENIUS Act, a crucial legislation for regulation in the digital currency space. The act mandates that stablecoin issuers maintain reserves primarily in U.S. Treasury securities, potentially driving increased demand for U.S. Treasuries and reshaping the financial landscape. This new regulatory framework marks a significant shift in policy for digital currencies.