{
  "version": 1,
  "event_id": "evt_37fc8de60f77f528",
  "url": "https://xiyu.news/events/evt_37fc8de60f77f528/",
  "json": "https://xiyu.news/api/events/evt_37fc8de60f77f528.json",
  "type": "regulatory_action",
  "status": "monitoring",
  "category": "policy",
  "title": {
    "zh": "美联储根据GENIUS法案提出稳定币发行方的准备金限制和资本标准",
    "en": "Fed proposes reserve limits, capital standards for stablecoin issuers under GENIUS Act"
  },
  "current_state": {
    "zh": "美联储提出规则，要求支付稳定币发行人用短期国债或其他高流动性资产全额支持代币，并满足标准化资本要求，以推进GENIUS法案实施；该提案还包含危机时间线，若储备低于代币价值，须在24小时内通知并在下一个工作日开始清算，同时允许在救助窗口内继续铸造。",
    "en": "The Federal Reserve proposed rules requiring payment stablecoin issuers to fully back tokens with short-term Treasuries or other highly liquid assets and to meet standardized capital requirements, advancing implementation of the GENIUS Act; the proposal also includes a crisis timeline requiring notification within 24 hours and liquidation by the next business day if reserves fall below token value, with continued minting allowed during the rescue window."
  },
  "first_seen_at": "2026-09-24T23:18:08.894592+00:00",
  "last_updated_at": "2026-09-26T23:03:47.646252+00:00",
  "last_material_change_at": "2026-09-26T23:03:47.646252+00:00",
  "confidence": 0.75,
  "updates_count": 2,
  "sources_count": 2,
  "entities": [
    "fed",
    "genius",
    "genius-act"
  ],
  "identifiers": [],
  "topics": [
    "capital-requirements",
    "crypto-regulation",
    "federal-reserve",
    "genius-act",
    "reserve-liquidation",
    "stablecoins"
  ],
  "updates": [
    {
      "update_id": "upd_45d21179bb3a9ad6",
      "event_id": "evt_37fc8de60f77f528",
      "occurred_at": "2026-09-24T20:19:46Z",
      "published_at": "2026-09-24T20:19:46Z",
      "first_seen_at": "2026-09-24T23:18:08.894592Z",
      "time_precision": "published",
      "update_type": "initial",
      "material_change": true,
      "title_zh": "美联储根据GENIUS法案提出稳定币发行方的准备金限制和资本标准",
      "title_en": "Fed proposes reserve limits, capital standards for stablecoin issuers under GENIUS Act",
      "what_changed_zh": "美联储提出规则，要求支付稳定币发行方以短期国债或其他高流动性资产全额支持代币，并满足标准化资本要求，以推进GENIUS法案的实施；理事Michael Barr支持该提案，但呼吁加强对银行的anti-money-laundering监管。",
      "what_changed_en": "The Federal Reserve proposed rules requiring payment stablecoin issuers to fully back tokens with short-term Treasuries or other highly liquid assets and to meet standardized capital requirements, advancing implementation of the GENIUS Act, while Governor Michael Barr supported the proposal but called for stronger bank anti-money-laundering oversight.",
      "current_state_zh": "美联储提出规则，要求支付稳定币发行方以短期国债或其他高流动性资产全额支持代币，并满足标准化资本要求，以推进GENIUS法案的实施；理事Michael Barr支持该提案，但呼吁加强对银行的anti-money-laundering监管。",
      "current_state_en": "The Federal Reserve proposed rules requiring payment stablecoin issuers to fully back tokens with short-term Treasuries or other highly liquid assets and to meet standardized capital requirements, advancing implementation of the GENIUS Act, while Governor Michael Barr supported the proposal but called for stronger bank anti-money-laundering oversight.",
      "detailed_summary_zh": "The Federal Reserve proposed rules requiring payment stablecoin issuers to fully back tokens with short-term Treasuries or other highly liquid assets and to meet standardized capital requirements, advancing implementation of the GENIUS Act, while Governor Michael Barr supported the proposal but called for stronger bank anti-money-laundering oversight.",
      "detailed_summary_en": "The Federal Reserve proposed rules requiring payment stablecoin issuers to fully back tokens with short-term Treasuries or other highly liquid assets and to meet standardized capital requirements, advancing implementation of the GENIUS Act, while Governor Michael Barr supported the proposal but called for stronger bank anti-money-laundering oversight.",
      "background_zh": "",
      "background_en": "",
      "community_discussion_zh": "",
      "community_discussion_en": "",
      "market_impact_zh": "",
      "market_impact_en": "",
      "importance_score": 8.5,
      "references": [],
      "confidence": 0.75,
      "story_ids": [
        "rss:www.theblock.co_rss.xml:ff19566663ec0342"
      ],
      "sources": [
        {
          "url": "https://www.theblock.co/news/regulation/2026-09-24-fed-proposes-reserve-limits-capital-standards-stablecoin-issuers-genius-act-416336",
          "label": "The Block",
          "source_type": "rss",
          "official": false
        }
      ]
    },
    {
      "update_id": "upd_6aa775592b958ef7",
      "event_id": "evt_37fc8de60f77f528",
      "occurred_at": "2026-09-26T17:55:58Z",
      "published_at": "2026-09-26T17:55:58Z",
      "first_seen_at": "2026-09-26T23:03:47.646252Z",
      "time_precision": "published",
      "update_type": "confirmation",
      "material_change": true,
      "title_zh": "美联储提出的稳定币规则可能引发48小时清算挤兑",
      "title_en": "Fed proposed stablecoin rule could trigger a 48-hour liquidation run",
      "what_changed_zh": "拟议规则中的危机时间线：若储备低于未偿付代币价值，发行人须在24小时内通知美联储，并在下一个工作日17:00前开始清算储备和赎回代币（不足48小时），同时在救助窗口内允许继续铸造。",
      "what_changed_en": "The proposed rule's crisis timeline: issuers whose reserves fall below outstanding token value must notify the Fed within 24 hours and begin liquidating reserves and redeeming tokens by 5 p.m. the next business day (under 48 hours), while continuing to mint during the rescue window.",
      "current_state_zh": "美联储提出规则，要求支付稳定币发行人用短期国债或其他高流动性资产全额支持代币，并满足标准化资本要求，以推进GENIUS法案实施；该提案还包含危机时间线，若储备低于代币价值，须在24小时内通知并在下一个工作日开始清算，同时允许在救助窗口内继续铸造。",
      "current_state_en": "The Federal Reserve proposed rules requiring payment stablecoin issuers to fully back tokens with short-term Treasuries or other highly liquid assets and to meet standardized capital requirements, advancing implementation of the GENIUS Act; the proposal also includes a crisis timeline requiring notification within 24 hours and liquidation by the next business day if reserves fall below token value, with continued minting allowed during the rescue window.",
      "detailed_summary_zh": "The Federal Reserve's proposed stablecoin rule would force issuers whose reserves fall below outstanding token value to notify the Fed within 24 hours and begin liquidating reserves and redeeming tokens by 5 p.m. the next business day, a window of under 48 hours that could accelerate liquidation runs while permitting continued minting during the rescue period.",
      "detailed_summary_en": "The Federal Reserve's proposed stablecoin rule would force issuers whose reserves fall below outstanding token value to notify the Fed within 24 hours and begin liquidating reserves and redeeming tokens by 5 p.m. the next business day, a window of under 48 hours that could accelerate liquidation runs while permitting continued minting during the rescue period.",
      "background_zh": "",
      "background_en": "",
      "community_discussion_zh": "",
      "community_discussion_en": "",
      "market_impact_zh": "",
      "market_impact_en": "",
      "importance_score": 7.5,
      "references": [],
      "confidence": 0.95,
      "story_ids": [
        "rss:cryptoslate.com_feed_:470eca28f1b85aaf"
      ],
      "sources": [
        {
          "url": "https://cryptoslate.com/fed-proposed-stablecoin-rule-could-trigger-a-48-hour-liquidation-run/",
          "label": "CryptoSlate",
          "source_type": "rss",
          "official": false
        }
      ]
    }
  ]
}
