Fed's Bowman: Stock tokens should be regulated like traditional assets

Federal Reserve Vice Chair for Supervision Michelle Bowman has stated that stock tokens should be subject to the same regulations as traditional assets and that a supervisory framework for stablecoins should be established based on the GENIUS Act, Crypto Briefing reported. Speaking at a House Financial Services Committee hearing, she added that the nature of stock tokens is no different from their underlying assets and that the Fed is designing its own supervisory framework for stablecoin issuers.