Overview
- Acting FDIC Chair Travis Hill said the agency will publish a proposed application framework before the end of December, with the draft sent to the House Financial Services Committee for review.
- A separate FDIC proposal detailing prudential requirements for supervised issuers is planned for early 2026, covering capital, liquidity, and reserve diversification standards.
- The FDIC is drafting guidance on the regulatory treatment of tokenized deposits following recommendations from the President’s Working Group on Digital Asset Markets.
- Federal Reserve Vice Chair for Supervision Michelle Bowman said the Fed is developing capital, liquidity, and diversification rules for stablecoin issuers in coordination with other banking regulators.
- Treasury has concluded its latest public consultation on oversight of non‑bank issuers, and the FDIC proposal will open a multi‑month comment period ahead of phased implementation under the GENIUS Act signed in July by President Donald Trump.