[Federal Reserve Seeks Public Comments on Stablecoin Regulatory Proposals Under the Genius Act] The U.S. Federal Reserve Board has issued a notice seeking public comments on two proposals for regulating payment stablecoin issuers under the Genius Act. The first proposal requires issuers to collateralize stablecoins with reserve assets and establishes capital requirements and risk management standards. The second proposal outlines the administrative process for banks applying to issue payment stablecoins, including the submission of business plans, appeals, and hearing procedures. Stakeholders can provide feedback within 60 days of the announcement's publication. (Source: U.S. Federal Reserve Board)