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US FDIC approves proposal to implement GENIUS Act requirements, standards

( April 7, 2026, 20:59 GMT | Official Statement) -- MLex Summary: The US Federal Deposit Insurance Corporation approved a notice of proposed rulemaking that would implement certain requirements and standards under the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act). The proposed rule would establish a prudential framework for FDIC-supervised permitted payment stablecoins issuers, including requirements related to reserve assets, redemption, capital, and risk management standards. Statement follows in full. Also see attached file. ...

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