The Federal Deposit Insurance Corp. advanced a major proposed rulemaking on banks this afternoon in its latest effort to implement key portions of the GENIUS Act, the first stablecoin regulation passed by Congress last summer.
The FDIC board, chaired by Travis Hill, advanced the 191-page proposed rulemaking on a 3-0 vote. Hill hailed the “tremendous progress” made in digital asset policy in recent years, “including a rapid shift in the posture of the federal government.”
Go deeper with a Premium+ membership to Defense, Tech, Vault OR all three. Access monthly briefings with reporters, paywalled content, breaking news texts in your coverage area and more, bringing you closer to the action.
Enter a new era of Punchbowl News with exclusive merch from our swag store. From t-shirts and quarter-zips to mugs, hats and even pickleball paddles, we’ve got you covered.
You're subscribed! Welcome to the community.
