FDIC proposes GENIUS Act standards and reserve treatment for supervised stablecoin issuers
Regulation · · Ketju Research
This entry records a proposal. It does not change the law unless it is adopted.
What changed
The FDIC proposed approval and operating standards for FDIC-supervised permitted payment stablecoin issuers, treatment of reserve deposits, and tokenized-deposit distinctions, then separately proposed BSA and sanctions standards.
Who it affects
- FDIC-supervised banks, their stablecoin subsidiaries, and advisers evaluating their products
What is still open
- The final approval, reserve, capital, liquidity, and compliance standards
What it means for an advisor
- Track issuer authorization and reserve representations in product and counterparty diligence.
Sources
- GENIUS Act Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers and Insured Depository Institutions · Federal Deposit Insurance Corporation ·
- FDIC proposes AML and sanctions standards for supervised stablecoin issuers · Federal Deposit Insurance Corporation ·
Version 1, published . Educational analysis, not legal advice.