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FDIC Announces Plans to Enforce GENIUS Act on Stablecoins
Last Updated: December 02, 2025
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Key Takeaways
- FDIC acting chair Travis Hill announced a December proposal detailing how the agency will enforce the GENIUS Act for stablecoins;
- Two proposals are planned: one on GENIUS Act applications in December and another on stablecoin issuer standards in 2026;
- FDIC and other regulators, including the Fed and OCC, are aligning on capital, liquidity, and reserve diversification rules for issuers.
The US Federal Deposit Insurance Corporation (FDIC), led by acting chair Travis Hill, announced plans to deliver a proposed framework in December on how it will enforce the GENIUS Act.
The proposal was shared through prepared remarks scheduled for delivery to the House Financial Services Committee.
Hill highlighted that the FDIC will release two key proposals: one to outline the application process under the GENIUS Act this month, and another to implement standards for FDIC-regulated stablecoin issuers in 2026.
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These standards will address capital levels, liquidity, and the diversification of reserve assets.
The FDIC, under the GENIUS Act, signed into law by President Donald Trump in July, is responsible for overseeing stablecoin issuance by the subsidiaries of financial institutions under its supervision.
The FDIC is also considering guidance on tokenized deposits.
Meanwhile, the Federal Reserve's vice chair for supervision, Michelle Bowman, is coordinating with other banking regulators. They are developing further rules addressing capital, liquidity, and reserve diversification for issuers subject to the GENIUS Act.
The upcoming hearing before the House Financial Services Committee will also feature remarks from top officials at the Office of the Comptroller of the Currency and the National Credit Union Administration.
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