Citing ChainThink, the Federal Deposit Insurance Corporation (FDIC) is expected to release its first regulatory proposal under the GENIUS Act in December, outlining a framework for stablecoin issuers to apply for federal oversight. The proposal will include prudential requirements for FDIC-regulated payment stablecoin issuers, to be introduced early next year. The GENIUS Act mandates that federal and state agencies jointly supervise stablecoin operations, with the FDIC required to establish rules on capital, liquidity, and reserve quality, followed by a public comment period.
FDIC to Release First Stablecoin Issuer Regulatory Proposal Under GENIUS Act in December
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