FDIC to Propose First GENIUS Act Rules This Month
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Key Highlights The FDIC will propose its first rules for implementing the GENIUS Act before the end of December. The GENIUS Act establishes the first federal oversight for stablecoins, which restricts issuance to regulated entities like bank subsidiaries Apart from this, FDIC Chairman Travis Hill also revealed the plan to share the regulatory status of tokenized deposits. Acting FDIC Chairman Travis Hill stated that the agency will propose its regulations under the new GENIUS Act before December ends. U.S. FDIC chief says first GENIUS Act regulations heading for proposal this month — unfolded. (@cryptounfolded) December 1, 2025 This is another big moment when the leading U.S. bank deposit insurance official revealed the new development for stablecoins. Hill made this statement in his remarks for a hearing with the House Financial Services Committee. This statement comes after the GENIUS Act became law in July of this year, after receiving support from both political parties in Congress. What is the GENIUS Act The GENIUS Act is the US’s first comprehensive regulatory framework for USD-pegged stablecoins. Stablecoins are generally backed by safe assets like cash and government bonds. The law says that only certain approved companies can issue these kinds of stablecoins. These include subsidiaries of banks insured by the FDIC, institutions supervised by the Office of the Comptroller of the Currency (OCC), or state-chartered companies under regulatory oversight. If a company issues more than $10 billion in stablecoins, it must follow federal regulations. On the other hand, smaller companies can follow state rules if those rules are approved as strong enough by a new federal committee. “The FDIC will be responsible for licensing and supervising subsidiaries of FDIC-supervised IDIs approved to issue payment stablecoins. The Act requires a number of rulemakings, including establishing capital requirements, liquidity standards, and reserve asset diversification standards,…
Filed under: News - @ December 2, 2025 12:20 am