The banking regulator began its formal rulemaking process to set up the procedures by which depository institutions can start ...

U.S. banks are moving closer to issuing dollar-backed stablecoins after the Federal Deposit Insurance Corporation (FDIC) ...

The FDIC proposes a framework under the GENIUS Act outlining how banks can apply to issue payment stablecoins through ...

President Donald Trump signed the GENIUS Act into law on Friday, enacting the first major cryptocurrency legislation.

The proposal enters a public consultation period, a mandatory stage before the FDIC can advance to final rulemaking. It marks ...

The FDIC has released a proposed framework detailing how banks could apply to issue payment stablecoins under the GENIUS Act, ...

Sen. Marjorie Taylor Greene (R-Ga.) has reignited her criticism of the Government-Enhanced National Infrastructure for ...

Regulators are facing growing pressure from Congress to accelerate implementation of the United States’ new stablecoin law, ...

Steil is one of Congress’s most vocal pro-crypto lawmakers. As chair of the House subcommittee overseeing digital assets, he ...

FDIC acting Chairman Travis Hill announced the agency will submit initial GENIUS Act new rules for stablecoins by the end of December.

FDIC proposes framework allowing U.S. banks to issue stablecoins under the GENIUS Act, with reserve oversight, and a public feedback process.