U.S. banks are moving closer to issuing dollar-backed stablecoins after the Federal Deposit Insurance Corporation (FDIC) ...

The banking regulator began its formal rulemaking process to set up the procedures by which depository institutions can start ...

President Donald Trump signed the GENIUS Act into law on Friday, enacting the first major cryptocurrency legislation.

The FDIC proposes a framework under the GENIUS Act outlining how banks can apply to issue payment stablecoins through ...

The bank said bipartisan Senate talks on market structure legislation and parallel GENIUS Act rulemaking could deliver a ...

The Federal Deposit Insurance Corp. has proposed a formal framework allowing regulated banks to apply to issue payment stablecoins under the US GENIUS Act. The ...

The GENIUS Act, signed into law last July, legalized payment stablecoins as issued by regulated financial services firms.

Sen. Marjorie Taylor Greene (R-Ga.) has reignited her criticism of the Government-Enhanced National Infrastructure for ...

The proposal enters a public consultation period, a mandatory stage before the FDIC can advance to final rulemaking. It marks ...

Regulators are facing growing pressure from Congress to accelerate implementation of the United States’ new stablecoin law, with Rep. Bryan Steil warning that the one-year rulemaking deadline is ...

The FDIC has released a proposed framework detailing how banks could apply to issue payment stablecoins under the GENIUS Act, ...

Steil is one of Congress’s most vocal pro-crypto lawmakers. As chair of the House subcommittee overseeing digital assets, he champions clear federal rules to encourage stablecoin issuance and broader ...