Fed Governor Michelle Bowman just dropped some interesting updates on where stablecoin regulation is headed. Regulators are apparently pushing forward with fresh rules under the GENIUS Act—think capital requirements and diversification mandates for issuers. Nothing too shocking there, but what caught my attention is her emphasis on leveling the playing field.

Bowman's making it clear: digital asset oversight needs better clarity, and traditional banks shouldn't be left behind in this race. She's basically saying banks need fair rules to compete with crypto-native players. Whether that means we're finally getting sensible frameworks or just more regulatory theater remains to be seen. Either way, stablecoin issuers better start prepping their compliance teams.

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fork_in_the_road

· 57m ago

Here we go again with that trap of achieving balance; the banks want to get a piece of the pie.

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CodeAuditQueen

· 21h ago

Here comes the regulatory script again... capital requirements, diversification obligations, in simple terms, it's to add a buffer to stablecoins to prevent systemic risks—this logic I can understand, similar to overflow checks in smart contracts. The question is, what about the execution level? Is there really an auditing mechanism? Or is it just another round of Compliance theater?

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MagicBean

· 21h ago

Oh dear, here comes that "balanced competition" trap again... If the banks want to play with us, they better be ready to be crushed.

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CoffeeOnChain