The American Bankers Association (ABA) and three other banking trade groups have formally requested a 60-day delay in the implementation of stablecoin regulations under the GENIUS Act. The groups are urging the Treasury Department and the Federal Deposit Insurance Corp. to postpone public comment deadlines until the Office of the Comptroller of the Currency finalizes its own framework—a move that could stall federal stablecoin rules by months.

This procedural maneuver coincides with a broader campaign by traditional banks to limit stablecoin rewards under the Digital Asset Market Clarity Act (CLARITY). The coordinated effort signals growing institutional resistance to stablecoins encroaching on territory traditionally dominated by bank deposits.

The Treasury's initial GENIUS Act proposal, released April 2, 2026, already leans toward federal oversight of large stablecoin issuers while leaving states with limited authority. Banking associations now appear to be mounting a two-pronged offensive—delaying regulations while simultaneously lobbying for stricter controls.