Regulators ramp up US stablecoin rules as GENIUS Act takes effect

A second FDIC rule on prudential requirements will follow early next year. The FDIC will supervise bank subsidiaries issuing payment stablecoins. Guidance on tokenised deposits is under development. US regulators are moving quickly to build the country’s new stablecoin supervision system, with federal agencies preparing detailed rulemaking as the GENIUS Act begins to shape policy source: https://coinjournal.net/news/regulators-ramp-up-us-stablecoin-rules-as-genius-act-takes-effect/