Regulatory Alerts2026-02-06 | FIL-4-2026Added · Updated
FDIC Extends Comment Period for GENIUS Act Payment Stablecoin Application Procedures
The Federal Deposit Insurance Corporation extends the comment period for its proposed rule establishing application procedures that FDIC-supervised institutions must follow to issue payment stablecoins through subsidiaries under the GENIUS Act. Moving the deadline from February 17, 2026, to May 18, 2026, grants stakeholders additional time to review the proposal and submit feedback through designated electronic or physical channels. This adjustment ensures state nonmember banks and savings associations can adequately prepare compliance strategies before the agency finalizes stablecoin approval requirements.
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