FDIC Outlines Two-Phase Plan to Roll Out US Stablecoin Regulations

Reading Time: < 1 minute

US regulators are advancing a two-step plan to enact the GENIUS Act for stablecoins.

FDIC Acting Chair Travis Hill stated the agency will propose an application framework this month, followed by specific prudential rules for supervised issuers early next year.

The law, creating a federal oversight regime for stablecoins, was signed by President Trump in July. The FDIC is designated to license and oversee stablecoin subsidiaries of the institutions under its supervision.