Implementing the GENIUS Act: The FDIC Proposes Comprehensive Rulemaking Governing Payment Stablecoins Issuance
The FDIC’s April 2026 proposed rule implements key provisions of the GENIUS Act by establishing a comprehensive, principles-based regulatory framework for payment stablecoin issuance and related activities by FDIC-supervised institutions. The proposal would limit permitted payment stablecoin issuers to core functions like issuance, redemption, reserve manage
News & Perspectives2mo ago