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PANews cited Axios as reporting that U.S. Treasury official Luke Pettit will October leave and join the private sector; the report said he previously participated in work related to the GENIUS bill and the CLARITY bill.
IOSG published an article analyzing the profit distribution of Circle、Coinbase and others in the stablecoin business model, and discussing the impact of the "GENIUS Act" and falling interest rates.
The Federal Reserve announced GENIUS proposed rules on the regulatory framework for payment stablecoin issuance under the Act, covering reserves, capital, risk management, and bank application procedures. The public-comment period will remain open for 60 days after the proposals are published in the Federal Register.
The Federal Reserve Board reportedly seeks public comment on two proposals to establish a GENIUS Act-related regulatory framework for payment stablecoin issuers it supervises.