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FDIC to Propose Stablecoin Regulations Under GENIUS Act by Year-End

FDIC to Propose Stablecoin Regulations Under GENIUS Act by Year-End

Author:

Global Cryptocurrency

Published:

2025-12-02 07:07:01

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BTCCSquare news:

Travis Hill, acting Chairman of the FDIC Board of Directors, revealed plans to submit the agency's first regulatory framework for stablecoin issuers to Congress before December ends. The proposal stems from the GENIUS Act signed into law by President TRUMP in July, establishing federal oversight for the sector.

Licensed issuers—including qualified state entities, federal nonbanks, and depository institution subsidiaries—will gain exclusive rights to distribute payment stablecoins in the U.S. Hill emphasized the FDIC's balanced approach in 2025, encouraging bank involvement in digital assets while enforcing security protocols.

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