The US Federal Reserve proposed rules for dollar-backed stablecoin issuers, advancing implementation of the GENIUS Act. The framework would require full reserve backing, capital and risk-management standards, and oversight for banks safeguarding reserves. It also outlines a process for supervised banks seeking approval to issue stablecoins, with 60 days for public comments.
Michael Burry calls Nvidia ‘heck of a trade’ after Huang’s scandal sparks $430 bn selloff. Why is Big Short fame dismissing fears?
Michael Burry sees a near-term trading opportunity in Nvidia despite his broader concerns about AI valuations. The Big Short investor believes Jensen Huang’s personal controversy
November 11, 2026