The Commodity Futures Trading Commission (CFTC) has broadened its regulatory framework to allow national trust banks to issue stablecoins pegged to the U.S. dollar. This development falls under the newly introduced GENIUS Act, which aims to streamline the issuance and management of stablecoins by federally regulated institutions. The move is expected to enhance the integration of stablecoins into the traditional financial system, providing a more secure and regulated environment for their use.
CFTC Expands Stablecoin Regulations for National Trust Banks
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