The acting chairperson of the US FDIC said he plans to propose a framework for stablecoin regulation by December
2025-12-02 00:25:40
The acting chairperson of the Federal Deposit Insurance Corporation (FDIC), Travis Hill, plans to announce at a House Financial Services Committee hearing on Tuesday that the FDIC will propose the first implementation rules of the National Innovative Stablecoin Guidance Act (GENIUS Act) by the end of December, establishing a regulatory framework for stablecoin issuers to apply. In prepared testimony, Hill said the FDIC has begun developing rules to implement the GENIUS Act and plans to propose prudential requirements for payment stablecoin issuers under FDIC regulation early next year. The agency is also developing guidelines on the regulatory status of tokenized deposits, as recommended by the President's Digital Asset Markets Task Force.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
