The US Federal Deposit Insurance Corporation will propose a framework for implementing US stablecoin laws later this month, according to its acting chair, Travis Hill. โThe FDIC has begun work to promulgate rules to implement the GENIUS Act; we expect to issue a proposed rule to establish our application framework later this month,โ Hill said in prepared testimony to be delivered on Tuesday to the House Financial Services Committee. He added the agency will also have a โproposed rule to implement the GENIUS Actโs prudential requirements for FDIC-supervised payment stablecoin…
FDIC to Propose GENIUS Act Framework This Month
