Overview
- The FDIC’s follow-on proposal in early 2026 will outline prudential standards covering capital, liquidity and reserve quality for FDIC‑supervised issuers.
- Under the GENIUS Act, the FDIC will license and supervise subsidiaries of insured depository institutions that issue payment stablecoins.
- Federal Reserve Vice Chair Michelle Bowman said the Fed is coordinating with banking regulators on capital, liquidity and diversification standards for issuers.
- The FDIC is drafting guidance on tokenized deposits to clarify how blockchain-based representations of bank deposits fit within existing rules.
- The Treasury Department has closed a second consultation on non‑bank oversight, and upcoming proposals will face months of public comment as lawmakers press for completion by mid‑2026 timelines.