FDIC Acting Chair Announces Upcoming Stablecoin Regulatory Framework This Month

FDIC's Proposed Framework: The FDIC plans to propose a framework for implementing US stablecoin laws under the GENIUS Act, with a proposed rule expected later this month and additional prudential requirements for stablecoin issuers to follow early next year.

Oversight and Regulation: The GENIUS Act, signed by President Trump, establishes oversight and licensing for stablecoin issuers, assigning the FDIC to set capital, liquidity, and reserve asset standards for these entities.

Collaboration with Federal Agencies: The Federal Reserve and other banking regulators are working together to develop regulations for stablecoin issuers, focusing on capital and liquidity requirements as mandated by the GENIUS Act.

Tokenized Deposits Guidance: The FDIC is also developing guidance on the regulatory status of tokenized deposits and considering recommendations from the President’s Working Group on Digital Asset Markets regarding permissible banking activities.