ABA: ABA & State Bankers Associations Urge OCC to Close Yield Loopholes in Stablecoin Rule
The American Bankers Association, joined by 52 state bankers associations, today submitted a comment letter to the Office of the Comptroller of the Currency urging the agency to strengthen its proposed rule implementing the GENIUS Act to ensure a meaningful and enforceable prohibition on interest and yield payments tied to stablecoins. Separately, ABA also submitted its own detailed comment…
ICBA: New Polling Shows Dominant Support for Community Banks Amid Debate Over Digital Assets
With community bankers gathering in Washington this week for the Independent Community Bankers of America’s 2026 ICBA Capital Summit, new polling data show that Americans support community banks and want to ensure the industry is not harmed in the current debate over digital assets policy. “As community bankers representing local communities nationwide gather in Washington…
ICBA: ICBA to Congress: Ensure Digital Assets Legislation Bars Interest on Payment Stablecoins to Avoid Harming Local Economies
As Congress looks to advance digital asset market structure legislation, the Independent Community Bankers of America (ICBA) today is calling on lawmakers to ensure the measure addresses concerns with the harmful impact on local economies of allowing crypto exchanges and other intermediaries to pay interest or yield on payment stablecoins. A recent Council of Economic…
Treasury: Rule Proposed to Implement the GENIUS Act’s Requirements to Counter Illicit Finance
Promotes American Leadership in Payment Stablecoins Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) issued a joint proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The proposed rule, which implements the GENIUS Act’s anti-money laundering…
FDIC: Proposal Approved to Implement GENIUS Act Requirements and Standards
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking that would implement certain requirements and standards under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The proposed rule would establish a prudential framework for FDIC-supervised permitted payment stablecoins issuers, including requirements related to reserve assets, redemption,…
Treasury: Public Comment Sought on GENIUS Act Notice of Proposed Rulemaking Concerning State-Level Regulatory Regimes
Today, the U.S. Department of the Treasury issued a notice of proposed rulemaking (NPRM) seeking public comment related to Treasury’s implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The NPRM is the first regulation Treasury has proposed to implement the GENIUS Act. Under the GENIUS Act, payment stablecoin issuers with…
ABA: New Survey Finds Americans Want Fintechs to Follow Bank Rules, Support Protecting Local Lending from Stablecoin Risks
Morning Consult poll also shows consumers find credit card marketplace highly competitive, are wary of credit card price controls A new survey conducted by Morning Consult on behalf of the American Bankers Association found that consumers want nonbank fintech companies to follow the same rules as banks. More than 8 in 10 (84%) agree that any business…
OCC: Comptroller Gould Testifies on Agency Priorities
Comptroller Jonathan V. Gould today testified on the Office of the Comptroller of the Currency’s (OCC) priorities and activities before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Excerpts from Comptroller Gould’s testimony are below. The full written testimony can be found here. On risk tolerance: “In the years since the 2008 financial crisis, Washington…
OCC: Comments Requested on Proposal to Implement GENIUS Act
The Office of the Comptroller of the Currency (OCC) today issued a proposed rulemaking to implement the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The notice of proposed rulemaking generally sets forth, and seeks comment on, the regulations that would apply to permitted payment stablecoin issuers and foreign payment stablecoin issuers under…
FDIC: Comment Period Extended on Proposal to Establish GENIUS Act Application Procedures for FDIC-Supervised Institutions Seeking to Issue Payment Stablecoins
February 6, 2026 The Federal Deposit Insurance Corporation (FDIC) today announced a 90-day extension to the comment period on the agency’s notice of proposed rulemaking (NPR) that would implement the application provisions under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) for FDIC-supervised state nonmember banks and state savings associations seeking…
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