US FDIC proposes rules to carry out BSA standards for bank stablecoin issuers
By Neil Roland ( May 22, 2026, 20:16 GMT | Insight) -- The US Federal Deposit Insurance Corp. released draft rules to carry out Bank Secrecy Act and sanctions compliance standards applicable to bank stablecoin issuers under the 2025 GENIUS Act. The agency estimated that between five and 30 banks would apply for and receive approval to issue stablecoins in the first few years after the GENIUS Act goes into effect, expected around mid-January 2027.The US Federal Deposit Insurance Corp. released draft rules to carry out Bank Secrecy Act and sanctions compliance standards applicable to bank stablecoin issuers under the 2025 GENIUS Act....
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