The Federal Deposit Insurance Corporation (FDIC) presented its proposal to regulate permitted payment stablecoin issuers (PPSI), in compliance with the GENIUS Act. The rule requires these
This Wednesday, April 1, the U.S. Department of the Treasury began implementing the GENIUS Act by releasing the first set of operational rules. This legal framework
TL;DR FDIC Chair Travis Hill confirms stablecoins won’t receive federal deposit insurance protection. The GENIUS Act establishes 18-month implementation timeline for payment stablecoin regulations. Pass-through insurance
TL;DR: Bankers are not backing down. During the American Bankers Association (ABA) summit in Washington, more than 1,400 financial leaders agreed that stablecoins are dangerous to
TL;DR The total stablecoin market capitalization has surpassed $320 billion for the first time. Clear regulations like the GENIUS Act are attracting major institutional investors to
The Office of the Comptroller of the Currency (OCC) has released a 376-page draft framework for implementing the GENIUS Act for dollar-backed stablecoins, after Coin Bureau
TL;DR OCC issued a 376-page GENIUS Act proposal with a 60-day comment window, banning OCC-supervised payment-stablecoin issuers from paying yield for simply holding tokens. Rule adds
TL;DR: ProShares launched the IQMM, the first money market ETF designed as a reserve vehicle for stablecoin issuers under the GENIUS Act. The fund invests 100%
TL;DR ABA urged the OCC, in a comment letter, to slow crypto and stablecoin trust charter approvals until GENIUS Act rulemakings define obligations. The group flagged
TL;DR New York prosecutors warned Congress that the GENIUS Act lacks obligations requiring issuers to return stolen stablecoins. The letter pointed to Tether and Circle, stating
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