{
  "version": 1,
  "event_id": "evt_c28194243725a7f8",
  "url": "https://xiyu.news/events/evt_c28194243725a7f8/",
  "json": "https://xiyu.news/api/events/evt_c28194243725a7f8.json",
  "type": "regulatory_action",
  "status": "monitoring",
  "category": "policy",
  "title": {
    "zh": "美联储公布稳定币储备与资本规则",
    "en": "Federal Reserve Unveils Stablecoin Rules on Reserves and Capital"
  },
  "current_state": {
    "zh": "美联储周四就两项提案公开征求意见：受美联储理事会监管的支付型稳定币发行人须以短期美国国库券等合格资产全额支撑其代币，并满足标准化资本要求、风险管理标准以及储备资产托管规则。第二项提案为受理事会监管、拟发行支付型稳定币的银行设立专门的申请程序，意见期在《联邦公报》发布后60天截止。\n\n这两项提案补上了GENIUS Act多机构落地过程中的美联储环节，此前货币监理署(OCC)正力争在11月前敲定其稳定币规则，财政部则提议禁止平台向美国客户销售不合规稳定币。\n\n银行申请提案要求提交业务计划和财务信息，并设定了上诉、听证和最终决定的程序。美联储理事迈克尔·巴尔表示支持该提案，但希望在银行反洗钱方面有更多举措；两项措施目前仍是公开征求意见的提案，尚未成为最终规则。",
    "en": "The Federal Reserve opened two public-comment proposals requiring Fed-supervised stablecoin issuers to fully back tokens with safe liquid assets like short-term T-bills and meet standardized capital, risk-management and reserve-safekeeping standards, plus a tailored application process for banks seeking to issue stablecoins."
  },
  "first_seen_at": "2026-09-24T23:18:15.561311+00:00",
  "last_updated_at": "2026-09-25T09:43:54.637010+00:00",
  "last_material_change_at": "2026-09-24T23:18:15.561311+00:00",
  "confidence": 0.75,
  "updates_count": 1,
  "sources_count": 2,
  "entities": [
    "capital",
    "federal",
    "federal-reserve",
    "reserve",
    "reserves",
    "rules",
    "stablecoin",
    "unveils"
  ],
  "identifiers": [],
  "topics": [
    "capital-requirements",
    "crypto-regulation",
    "federal-reserve",
    "genius-act",
    "stablecoins"
  ],
  "updates": [
    {
      "update_id": "upd_504d73d483a03e72",
      "event_id": "evt_c28194243725a7f8",
      "occurred_at": "2026-09-24T21:56:03Z",
      "published_at": "2026-09-24T21:56:03Z",
      "first_seen_at": "2026-09-24T23:18:15.561311Z",
      "time_precision": "published",
      "update_type": "initial",
      "material_change": true,
      "title_zh": "美联储公布稳定币储备与资本规则",
      "title_en": "Federal Reserve Unveils Stablecoin Rules on Reserves and Capital",
      "what_changed_zh": "美联储周四就两项提案公开征求意见：受美联储理事会监管的支付型稳定币发行人须以短期美国国库券等合格资产全额支撑其代币，并满足标准化资本要求、风险管理标准以及储备资产托管规则。第二项提案为受理事会监管、拟发行支付型稳定币的银行设立专门的申请程序，意见期在《联邦公报》发布后60天截止。\n\n这两项提案补上了GENIUS Act多机构落地过程中的美联储环节，此前货币监理署(OCC)正力争在11月前敲定其稳定币规则，财政部则提议禁止平台向美国客户销售不合规稳定币。\n\n银行申请提案要求提交业务计划和财务信息，并设定了上诉、听证和最终决定的程序。美联储理事迈克尔·巴尔表示支持该提案，但希望在银行反洗钱方面有更多举措；两项措施目前仍是公开征求意见的提案，尚未成为最终规则。",
      "what_changed_en": "The Federal Reserve opened two public-comment proposals requiring Fed-supervised stablecoin issuers to fully back tokens with safe liquid assets like short-term T-bills and meet standardized capital, risk-management and reserve-safekeeping standards, plus a tailored application process for banks seeking to issue stablecoins.",
      "current_state_zh": "美联储周四就两项提案公开征求意见：受美联储理事会监管的支付型稳定币发行人须以短期美国国库券等合格资产全额支撑其代币，并满足标准化资本要求、风险管理标准以及储备资产托管规则。第二项提案为受理事会监管、拟发行支付型稳定币的银行设立专门的申请程序，意见期在《联邦公报》发布后60天截止。\n\n这两项提案补上了GENIUS Act多机构落地过程中的美联储环节，此前货币监理署(OCC)正力争在11月前敲定其稳定币规则，财政部则提议禁止平台向美国客户销售不合规稳定币。\n\n银行申请提案要求提交业务计划和财务信息，并设定了上诉、听证和最终决定的程序。美联储理事迈克尔·巴尔表示支持该提案，但希望在银行反洗钱方面有更多举措；两项措施目前仍是公开征求意见的提案，尚未成为最终规则。",
      "current_state_en": "The Federal Reserve opened two public-comment proposals requiring Fed-supervised stablecoin issuers to fully back tokens with safe liquid assets like short-term T-bills and meet standardized capital, risk-management and reserve-safekeeping standards, plus a tailored application process for banks seeking to issue stablecoins.",
      "detailed_summary_zh": "The Federal Reserve opened two public-comment proposals requiring Fed-supervised stablecoin issuers to fully back tokens with safe liquid assets like short-term T-bills and meet standardized capital, risk-management and reserve-safekeeping standards, plus a tailored application process for banks seeking to issue stablecoins.",
      "detailed_summary_en": "The Federal Reserve opened two public-comment proposals requiring Fed-supervised stablecoin issuers to fully back tokens with safe liquid assets like short-term T-bills and meet standardized capital, risk-management and reserve-safekeeping standards, plus a tailored application process for banks seeking to issue stablecoins.",
      "background_zh": "美国总统唐纳德·特朗普于2025年7月签署的GENIUS Act首次为支付型稳定币建立了联邦监管框架，将合格储备限定为硬币与现金、在受保银行和信用社的存款以及短期国库券等资产。该法在“颁布后18个月”与“主要联邦稳定币监管机构发布最终实施规则后120天”两者中较早的日期生效。稳定币是基于区块链、通常锚定美元的代币，由发行人持有储备资产，以便每枚代币可按面值赎回。",
      "background_en": "The GENIUS Act, signed by President Donald Trump in July 2025, created the first federal framework for payment stablecoins and limits permitted reserves to items including coins and currency, deposits at insured banks and credit unions, and short-dated Treasury bills. The law takes effect on the earlier of 18 months after enactment or 120 days after primary federal stablecoin regulators issue final implementing regulations. Stablecoins are blockchain-based tokens pegged most commonly to the U.S. dollar and backed by reserves so each token can be redeemed at face value.",
      "community_discussion_zh": "",
      "community_discussion_en": "",
      "market_impact_zh": "这两项提案适用于受美联储监管的稳定币发行人，该群体的储备资产主要集中于短期美国国库券，因此合格储备资产范围与资本标准会通过储备需求和发行人合规成本产生传导。由于措施仍处于征求意见阶段，它们也会影响市场对稳定币相关资产以及使用稳定币进行结算和转账的交易场所的监管清晰度预期。",
      "market_impact_en": "The proposals apply to Fed-supervised stablecoin issuers, a segment whose reserves are held largely in short-term Treasuries, so the definition of permissible reserve assets and the capital standards transmit through reserve demand and issuer compliance costs. Because the measures are still at the comment stage, they also feed into regulatory-clarity expectations for stablecoin-linked assets and the venues that use them for settlement and transfers.",
      "importance_score": 8.5,
      "references": [
        {
          "url": "https://www.congress.gov/crs-product/IN12553",
          "title": "Stablecoin Legislation: An Overview of the GENIUS Act of 2025 (P.L. 119-27) | Congress.gov | Library of Congress"
        },
        {
          "url": "https://www.lw.com/en/insights/the-genius-act-of-2025-stablecoin-legislation-adopted-in-the-us",
          "title": "The GENIUS Act of 2025 Stablecoin Legislation Adopted in the US"
        },
        {
          "url": "https://www.paulhastings.com/en-GB/insights/crypto-policy-tracker/the-genius-act-a-comprehensive-guide-to-us-stablecoin-regulation",
          "title": "The GENIUS Act: A Comprehensive Guide to US Stablecoin..."
        }
      ],
      "confidence": 0.75,
      "story_ids": [
        "rss:decrypt.co_feed:7bdfae887a72f061",
        "google_news:article:b16f12e070d32b25"
      ],
      "sources": [
        {
          "url": "https://decrypt.co/379274/federal-reserve-unveils-stablecoin-rules-on-reserves-and-capital",
          "label": "Decrypt",
          "source_type": "rss",
          "official": false
        },
        {
          "url": "https://news.google.com/rss/articles/CBMiW0FVX3lxTFB6WVV2X2x0SEgzNGgzWnc5RHlsMzFJVXpBV2pocEF0bDVVbjNLbW9PU3d4ZmJqcTAxajVQZEtCN2tCcDltREdUWlY3d0lIaHNEa1NkdFJCbm9WRzA?oc=5",
          "label": "tokenpost.com",
          "source_type": "google_news",
          "official": false
        }
      ]
    }
  ]
}