Crypto News·
State Street has launched a government money market fund tailored for stablecoin issuers as new U.S. regulations begin to define how reserve assets can be managed under the GENIUS Act. According to State Street, the newly introduced State Street Stablecoin…
Read full articleThe GENIUS Act's banking-style oversight for stablecoins may reshape market dynamics, pressuring competitors to enhance compliance or risk exclusion. The post Circle CEO Jeremy Allaire argues SEC is not suitable regulator for stablecoins appeared first on Crypto Briefing.
State Street Investment Management launched a dedicated money market fund for stablecoin issuers on June 8, 2026, becoming the fourth major financial institution to target one of Wall Street’s fastest-growing reserve management niches. Fund Basics The State Street Stablecoin Reserves Money Market Fund operates under SEC Rule 2a-7 and holds only assets eligible under the […]
State Street's fund signals a shift towards institutional-grade reserve management, potentially reshaping stablecoin market dynamics and competition. The post State Street launches GENIUS-compliant money market fund for stablecoin issuers appeared first on Crypto Briefing.
The launch comes as financial institutions increasingly compete to manage assets backing dollar-pegged stablecoins.
Federated Hermes has launched a new money market fund designed for stablecoin reserve management, introducing a product that can be used by payment stablecoin issuers operating under the GENIUS Act framework. According to a July 10 announcement, the newly introduced…
The groups say issuers, DeFi apps, and validators need clearer limits on who is responsible once stablecoins change hands.
Hyperliquid & Paradigm Warn GENIUS Act Could Kill DeFi The post Hyperliquid News: HYPE and Paradigm Warn US Treasury of GENIUS Act Rule appeared first on 99Bitcoins.
New York financial regulators have moved to update the state’s stablecoin rules as the federal government prepares to implement the GENIUS Act, a law that will reshape how payment stablecoins are supervised across the United States. The New York State…
