Two federal agencies, in addition to the FDIC, have published Notices of Proposed Rulemaking regarding regulations to implement portions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).
The National Credit Union Administration (NCUA) proposes regulations to implement the statutorily required process for approval and licensure of permitted payment stablecoin issuers (PPSIs) subject to the NCUA’s jurisdiction. A forthcoming proposal will propose regulations to implement the standards and restrictions imposed by the GENIUS Act on PPSIs. Comments must be submitted by May 13, 2026.
The Office of the Comptroller of the Currency (OCC) proposes regulations to implement the GENIUS Act regarding the issuance of payment stablecoins and certain related activities by entities subject to the OCC’s jurisdiction. Comments must be submitted by May 1, 2026.
Read the OCC NOPR: https://www.occ.treas.gov/news-issuances/federal-register/2026/91fr10202.pdf
Read the NCUA NOPR: https://www.govinfo.gov/content/pkg/FR-2026-02-12/pdf/2026-02868.pdf
Read the FDIC NOPR (comments due May 18): https://www.fdic.gov/board/federal-register-notice-approval-requirements-issuance-payment-stablecoins-subsidiaries-fdic
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