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NCUA Advances Stablecoin Regulation Under GENIUS Act Framework
NCUA Advances Stablecoin Regulation Under GENIUS Act Framework
20
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BTCCSquare news:
The National Credit Union Administration has taken a decisive step toward integrating stablecoins into the U.S. financial system. A newly proposed rule outlines how credit unions can seek approval as permitted payment stablecoin issuers, marking the first formal inclusion of digital assets in the agency's regulatory purview.
The MOVE accelerates implementation of the GENIUS Act, which establishes federal standards for stablecoin issuance. "We're on track to meet our objectives," said NCUA Chairman Kyle Hauptman, signaling confidence in the regulatory timeline. Public comments on the proposal will shape the final framework through April 2026.
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