Stablecoin Laws ‘Coming This Month,’ FDIC Acting Chair Reveals
According to prepared testimony from Acting FDIC Chair Travis Hill, the agency expects to publish a proposed rule that lays out how stablecoin issuers will apply for federal oversight before the end of December 2025. Related Reading: Bitcoin Reflects Energy As The ‘True Currency,’ Elon Musk Says What The Draft Will Cover Based on reports, […]
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The Federal Deposit Insurance Corporation (FDIC) has announced a new framework that outlines how banks can apply to issue payment stablecoins through subsidiaries as part of the implementation of the country’s stablecoin bill, the GENIUS Act. FDIC’s First Move On GENIUS Act In a statement, Acting Chair Travis Hill emphasized that the proposed process is […]
Martin Gruenberg was the FDIC’s acting chair while the agency issued cease-and-desist orders to crypto firms and suggested that payment stablecoins merited further consideration. United States President Joe Biden announced he would be nominating Federal Deposit Insurance Corporation (FDIC) Acting Chair Martin Gruenberg to assume the position as part of a five-year term.In a Nov. 14 announcement, President Biden said he intended to nominate Gruenberg, who has previously served as acting FDIC chair from 2005 to 2006, 2011 to 2012, and from February 2022 to the present. Gruenberg assumed the....
The U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to publish its first formal proposal outlining how stablecoin issuers will operate under the GENIUS Act, according to acting chairman Travis Hill. Related Reading: Cardano Founder Unveils Pentad Blueprint To Drive 2026 Growth The rulemaking package is expected to be submitted to the House Financial Services […]
As crypto regulations continue to take shape in the US, the Federal Deposit Insurance Corporation (FDIC) has issued a notice of proposed rulemaking to extend Bank Secrecy Act (BSA) and economic sanctions compliance standards to FDIC-supervised Permitted Payment Stablecoin Issuers (PPSIs). The move aims to bring digital asset issuers further within the compliance architecture that […]
In a recent interview at Coinbase’s State of Crypto Summit, the Commodity Futures Trading Commission (CFTC) Acting Chair shared the future of the agency’s crypto regulation under the pro-industry administration. Related Reading: A ‘Threat To Privacy’? US Senators Question Meta’s Stablecoin Plan In New Letter CFTC Won’t Criminalize Crypto On Thursday, CFTC’s acting chair, Caroline Pham, […]