The post Travis Hill details regulatory plans for stablecoins appeared on BitcoinEthereumNews.com.

On December 2, Travis Hill, the acting Chairman of the FDIC Board of Directors, announced that the agency will submit its first set of GENIUS Act new rules proposal for stablecoin issuers to the House Financial Services Committee by the end of December.  According to Hill’s statement, his prepared testimony describes future application and prudential frameworks as federal regulators attempt to regulate the stablecoin industry. U.S. President Trump signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) in July, which created a federal regulatory framework for stablecoin issuers. Under the GENIUS Act, only licensed issuers are supposed to issue a payment stablecoin for use by U.S. individuals, subject to specific expectations and safe harbors. According to the Congress report, permitted issuers must be either a state-qualified payment stablecoin issuer, a federal-qualified nonbank payment stablecoin issuer, or a subsidiary of an insured depository institution. Travis Hill details regulatory plans for stablecoins According to Hill, throughout 2025, the FDIC has taken a constructive approach with respect to banks that offer goods and services related to digital assets.  At the same time, the agency has maintained its expectations that such activities are conducted securely and soundly. Hill stated that the FDIC will be liable for Licensing and overseeing subsidiaries of FDIC-supervised IDIs authorized to produce payment stablecoins. He mentioned that the GENIUS Act will require several rulemakings, including the establishment of capital requirements, liquidity standards, and reserve asset diversification standards. “The FDIC has begun work to promulgate rules to implement the GENIUS Act; we expect to issue a proposed rule to establish our application framework later this month and a proposed rule to implement the GENIUS Act’s prudential requirements for FDIC-supervised payment stablecoin issuers early next year.” Travis Hill, Acting Chairman of the FDIC Board of Directors.…

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Filed under: News - @ December 2, 2025 5:22 am