News: Crypto
Fed proposes reserve and capital rules for stablecoin issuers
Two Fed proposals cover reserves, capital and approvals for stablecoin issuers the Board supervises.
Cash App balance can now pay for crypto on MoonPay
Eligible US users can fund MoonPay crypto purchases with Cash App Pay, including through partner wallets.
GENIUS Act rule deadline passes with stablecoin rules still in draft
The law gave regulators a year to write its rules. On July 18 the OCC and FDIC texts were still proposals.
OCC clears two more stablecoin trust banks, one aimed at US retail
Sony Bank's Connectia Trust gets preliminary approval; Circle says its national trust bank has final approval.