# Fed Proposes Stablecoin Rules Under GENIUS Act

> Federal Reserve seeks public input on stablecoin reserve and capital rules via GENIUS Act.
- Title: Fed Proposes Stablecoin Rules Under GENIUS Act · Pymnts
- Summary: Federal Reserve seeks public input on stablecoin reserve and capital rules via GENIUS Act. The Federal Reserve proposed reserve and capital rules for payment…
- Keywords: fed, genius act, stablecoins, payment stablecoins, capital rules, reserve assets, federal reserve board, rulemaking, business, finance, Proposes, Stablecoin
- Source: Pymnts — https://pymnts.com/cryptocurrency/2026/fed-proposes-stablecoin-reserve-and-capital-rules-under-genius-act
- Author: PYMNTS
- Published: 2026-09-25T01:03:04+00:00
- Read time: 1 min
- Topics: fed, genius act, stablecoins, payment stablecoins, capital rules, reserve assets, federal reserve board, rulemaking, business, finance
## Fed Proposes Stablecoin Rules
The Federal Reserve Board requested public comment on two proposals for payment stablecoin issuers under the GENIUS Act.
## 60-Day Comment Period
The agency will accept public comments on the proposals for 60 days after publication in the Federal Register.
## First Proposal Details
One proposal requires board-supervised payment stablecoin issuers to fully back stablecoins with permissible reserve assets and establishes capital requirements for credit and operational risks.
## Second Proposal Details
The other proposal creates a tailored application process for banks issuing payment stablecoins and a process for appeals and hearings.
## Governor Barr Statement
Federal Reserve Governor Michael S. Barr said public input is needed on reserve asset limitations and capital requirements for stablecoins.
## GENIUS Act Implementation
The proposals were approved in unanimous board votes and aim to ensure stablecoins are reliable payment instruments under the GENIUS Act.
## Key takeaway

The Federal Reserve proposed reserve and capital rules for payment stablecoin issuers under the GENIUS Act to ensure reliability.