U.S. Federal Reserve moves on proposals to implement GENIUS Act for stablecoins

# U.S. Federal Reserve moves on proposals to implement GENIUS Act for stablecoins

> Evidence tier: B1
> Evidence type: Independent CoinDesk policy report corroborated by the Federal Reserve Board release
> Source: [CoinDesk](https://www.coindesk.com/policy/2026/09/24/u-s-federal-reserve-moves-on-proposals-to-implement-genius-act-for-stablecoins)
> Published: 2026-09-24
> Captured: 2026-09-26T01:39:59.639Z

## Source summary

CoinDesk reports that the Federal Reserve proposed two GENIUS Act rule packages for payment-stablecoin issuers and supervised banks. The Board's September 24 release confirms proposals on reserve backing, capital and risk standards, custody, bank activities and an application process. CoinDesk also reports that some third-party reward arrangements could be presumed prohibited interest or yield. These are proposals open to comment, not final rules; the Board says the comment period closes 60 days after Federal Register publication.

## Why it matters

The proposals could shape reserve, custody, risk and bank-access requirements for regulated payment-stablecoin issuers, including how certain rewards are treated. This is a rulemaking proposal, not a final framework or a live cross-border payment change; no implementation outcome is established.

## Key numbers

- **Comment period after Federal Register publication:** 60 days

## Topics and entities

- Industry lane: Web3 & stablecoin payments
- Entities: U.S. Federal Reserve / payment stablecoin issuers
- Web3 payments
- Payment infrastructure

## Evidence and credibility note

CoinDesk's independent policy report is corroborated on proposal scope and timing by the Federal Reserve Board's September 24 release. The yield/rewards detail is attributed to CoinDesk; all measures remain proposals, not final rules.

Date evidence: Automatically verified from JSON-LD datePublished: 2026-09-24T22:28:49.575Z

## First-party corroboration

- [https://www.federalreserve.gov/newsevents/pressreleases/bcreg20260924a.htm](/en/items/https://www.federalreserve.gov/newsevents/pressreleases/bcreg20260924a.htm)

## Original-source traceback

[Open the original CoinDesk report](https://www.coindesk.com/policy/2026/09/24/u-s-federal-reserve-moves-on-proposals-to-implement-genius-act-for-stablecoins)

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This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.