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With the GENIUS Act as a guide, the regulator is addressing reserve amounts, risk management, and other aspects of a new stablecoin regime.
Kaitlin Asrow, the acting superintendent of the New York State Department of Financial Services (DFS), says she wants “to build on New York’s first-in-the-nation stablecoin framework” via new provisions that address reserve amounts and risk management aspects of the U.S. Department of the Treasury’s proposed requirements for state frameworks to be certified under the GENIUS...
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