Hill: FDIC on track to issue stablecoin rulemaking by year’s end
The FDIC plans to issue a final rulemaking before the end of the year to establish an application process and ...
Tag: Genius Act
ABA Chair: Community banks are no one’s stalking horse in the Clarity Act debate
If consumers and businesses are encouraged to move money from bank deposits into stablecoins that offer interest-like rewards, those funds ...
ABA: Proposed customer identification standards for stablecoin issuers need strengthening
A proposed rule to require payment stablecoin issuers to maintain customer identification programs must go further if it is to ...
OCC’s Gould defends charter approvals for crypto activity
Noting more than half of recent bank charter applications received by his agency involve digital assets, Comptroller of the Currency ...
Treasury proposes rulemaking for licensing payment stablecoin issuers
The Treasury Department released proposed rulemaking to require digital asset providers to obtain a federal or state license before issuing ...
ABA cautions against allowing state regulation that could expand stablecoin issuer activities
As it seeks to implement the Genius Act, the Treasury Department should not allow states to greatly expand the scope ...
ABA, BPI urge OCC to delay action on proposed stablecoin reporting forms
The OCC should propose new reporting forms for stablecoin issuers only after it has finalized regulatory requirements for those companies, ...
ABA Viewpoint: The Genius Act rules are (almost) here. Here’s what banks should do
The real work for most banks isn't deciding whether or not to become an issuer. It's building the strategy that comes after ...
ABA: More work needed to harmonize BSA/sanctions requirements for stablecoin issuers
ABA supports requiring stablecoin issuers to comply with the Bank Secrecy Act and sanctions requirements, but proposed rulemaking to establish ...
ABA, associations: Stablecoin review committee must establish formal procedures
A new committee to review state-level regulatory frameworks for stablecoins must adopt strong, transparent rules before it starts making decisions ...
