FDIC to Propose Stablecoin Rules Under GENIUS Act by Year-End
The FDIC moves decisively into crypto oversight as Acting Chair Travis Hill prepares to unveil a stablecoin application framework before December's close. This first-mover regulatory push stems from July's GENIUS Act legislation, which established federal oversight regimes for digital assets.
A second-phase proposal targeting prudential requirements for FDIC-supervised stablecoin issuers remains slated for early 2026. The coordinated effort involves multiple agencies, with Federal Reserve Vice Chair Michelle Bowman confirming parallel work on capital and liquidity standards for issuers.
The agency's roadmap reflects growing institutional embrace of blockchain infrastructure, coinciding with separate FDIC development of tokenized deposit guidance following recommendations from the President's Working Group on Digital Asset Markets.
