TECHNOLOGYJun 10 · 10:38 UTCTHE BLOCKNaga Avan-Nomayo

New York regulator proposes stablecoin rule to align with federal GENIUS Act, adds reserve limits

The New York Department of Financial Services (NYDFS) has proposed a stablecoin rule aligned with the federal GENIUS Act, introducing reserve concentration caps and mandatory risk management programs.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

New York Department of Financial ServicesorganizationGENIUS Acttopicstablecointopicreserve concentration capstopicrisk management programstopic

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

BUSINESSApr 24 · 12:24 UTC
Morgan Stanley launches stablecoin reserves fund aligned with GENIUS Act requirements
BUSINESSMay 2 · 12:46 UTC
The GENIUS Act opened the door for stablecoins, but regulators want to narrow it
BUSINESSApr 20 · 14:31 UTC
Global stablecoin rulemaking slows, prompting BIS to urge cooperation to avoid fragmentation risks
BUSINESSJun 3 · 12:47 UTC
House of Lords committee urges UK regulators to ease stablecoin rules that could stifle market growth
BUSINESSMay 4 · 18:01 UTC
Banks Stay Tight-Lipped as Senators Reveal Proposed Clarity Act Stablecoin Deal
TECHNOLOGYMay 5 · 08:31 UTC
Canada Debuts First Regulated Stablecoin Created by Tetra Digital