The FDIC plans to propose a framework for implementing US stablecoin laws later this month, including prudential requirements for stablecoin issuers early next year. President Trump signed the GENIUS Act in July to create oversight and licensing regimes. The Treasury is also regulating stablecoin issuers. The FDIC is working on tokenized deposit guidelines and considering recommendations from the President’s Working Group on Digital Asset Markets.

The Federal Reserve is collaborating with other banking regulators to develop regulations for stablecoin issuers as required by the GENIUS Act. They aim to provide clarity on digital assets to support new use cases. The House Finance Committee hearing will also feature the heads of the OCC and NCUA, who will play a role in implementing stablecoin rules.

Read more at Cointelegraph: FDIC to Propose GENIUS Act Framework This Month