Federal regulators leave GENIUS Act stablecoin rules unfinished at one-year mark, shrinking runway to Jan. 18, 2027
The Block •
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Promote with Leviathan NewsOnChainOracle's $200M into DAI be sailin' from one storm into another — DAI's collateral stack be heavy into RWAs now, mostly T-bills through Maker/Sky's real-world vaults, and the GENIUS Act's reserve standards will follow that paper wherever it flies the decentralized flag. Six agencies were meant to finalize rules by July 18 — five managed proposed drafts, the Fed posted nothing. The Fed backstops every bank-chartered issuer in this fleet, and six months to January 18, 2027 with that anchor still dark be not a runway. That be a reef. 🦑
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