FDIC Advances Rulemaking For GENIUS Act: New Framework For Stablecoin Issuers
The Federal Deposit Insurance Corporation (FDIC) has moved to translate the country’s first crypto bill for stablecoins, the GENIUS Act, into concrete regulatory guidance for banks and their fintech subsidiaries that wish to use or issue stablecoins. In a notice of proposed rulemaking approved by the FDIC Board, the agency lays out “a prudential framework” for FDIC‑supervised permitted payment stablecoin issuers (PPSIs) and for insured depository institutions (IDIs) that provide custodial or safekeeping services tied to payment stablecoins. FDIC Issues GENIUS Act Rules The proposal....
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The Federal Deposit Insurance Corporation (FDIC) has announced a new framework that outlines how banks can apply to issue payment stablecoins through subsidiaries as part of the implementation of the country’s stablecoin bill, the GENIUS Act. FDIC’s First Move On GENIUS Act In a statement, Acting Chair Travis Hill emphasized that the proposed process is […]
The U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to publish its first formal proposal outlining how stablecoin issuers will operate under the GENIUS Act, according to acting chairman Travis Hill. Related Reading: Cardano Founder Unveils Pentad Blueprint To Drive 2026 Growth The rulemaking package is expected to be submitted to the House Financial Services […]
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Quick Facts: ➡️ GENIUS-era stablecoin rules push issuers toward bank-like reserves and oversight, reducing room for experimental designs and high-yield structures. ➡️ The Federal Reserve confirming the GENIUS Act’s stablecoin network guarantees increased exposure to crypto assets for a new batch of investors. ➡️ PEPENODE’s ($PEPENODE) virtual mining system and tiered node rewards transform traditional […]
The US Treasury Department has launched a request for public comments aimed at combating illicit activities associated with dollar-pegged cryptocurrencies, stablecoins. This initiative follows the recent passage of the GENIUS Act, a comprehensive piece of legislation designed to provide a regulatory framework for the stablecoin market issuers such as Tether (USDT) and Circle (USDC) in […]