$HEX
Trending UpSnapshot Window: 2026-07-16 20:20 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 0, Retweets: 0, Likes: 0, Impressions: 222
Verbatim Community Citations & Social Evidence 1 source posts analyzed
BREAKING: Fed Chair Kevin Warsh says the Fed is racing to finalize GENIUS Act rules. Before Saturday's deadline. Racing. The Federal Reserve doesn't use that word lightly. The GENIUS Act establishes the framework for stablecoins in America. The rules the Fed is finalizing [Spoken audio]: A year ago on Saturday, the Genius Act was signed into law, and with that, a series of deadlines for rules to be promulgated began, and the clock began to tick. You've came into your job, confirmed approximately two months ago. The deadline for the Fed to promulgate rules is this Saturday. Will the Fed meet that deadline? Well, that's a fair and open question. I have been corrected, I've not been in the job six weeks but seven. We're racing to put that out by this deadline. I'll just add one other thing, Congressman, without taking too much of your time. I think rule makings from the bank regulators are best when we have a family fight between and among us so that there would be one proposed rule making for comment. It might not be exactly true this time, but that's my objective that we'd be be coordinated in issuing our rule makings at the same moment? I appreciate that. I think from this body, I think there's a huge opportunity with Stablecoin, in particular, to make sure that consumers are protected. That was one of the drivers of us passing that legislation. There's a lot of work to be done new in your new role with the Fed. But we would like to be updated if, in fact, that deadline is not made. And then, in fact, when those rules will be promulgated.
