FDIC Moves GENIUS Act From Law to Practice With Stablecoin Rules

The Federal Deposit Insurance Corporation has issued its first official proposal outlining how banks can obtain approval to issue payment stablecoins, marking the GENIUS Acts regulatory framework moving from statute to execution. FDIC Opens Door for Bank Stablecoins With New Approval Framework The FDICs notice of proposed rulemaking, approved by the agencys board on December []