{"description":"Documents matching '\"GENIUS Act\"' and of type Proposed Rule","count":18,"total_pages":1,"results":[{"title":"GENIUS Act Implementation","type":"Proposed Rule","abstract":"The Department of the Treasury (Treasury) is extending by 15 days the comment period on its advance notice of proposed rulemaking (ANPRM) soliciting public comment on questions relating to the implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The comment period will now close on November 4, 2025.","document_number":"2025-19093","html_url":"https://www.federalregister.gov/documents/2025/10/01/2025-19093/genius-act-implementation","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-10-01/pdf/2025-19093.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-19093.pdf?1759236310","publication_date":"2025-10-01","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"}],"excerpts":"Department of the Treasury (Treasury) is extending by 15 days the comment period on its advance notice of proposed rulemaking (ANPRM) soliciting public comment on questions relating to the implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (<span class=\"match\">GENIUS) Act</span>. The comment period will now close on November 4, 2025. \n \n \n DATES: \n The comment period for the proposed rule published September 19, 2025, at 90 FR 45159, is extended. Comments on the ANPRM must be received on or before November 4, 2025. \n \n \n ADDRESSES: \n Written comments"},{"title":"GENIUS Act Implementation","type":"Proposed Rule","abstract":"The Department of the Treasury (Treasury) is issuing this advance notice of proposed rulemaking (ANPRM) to solicit public comment on questions relating to the implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The GENIUS Act tasks Treasury (and various other federal agencies) with issuing regulations that encourage innovation in payment stablecoins while also providing an appropriately tailored regime to protect consumers, mitigate potential illicit finance risks, and address financial stability risks. Through this ANPRM, Treasury is seeking public comment on potential regulations that may be promulgated by Treasury, including regarding regulatory clarity, prohibitions on certain issuances and marketing, Bank Secrecy Act (BSA) anti-money laundering (AML) and sanctions obligations, the balance of state-level oversight with federal oversight, comparable foreign regulatory and supervisory regimes, and tax issues, among other things. Treasury is seeking comment on all aspects of the ANPRM from all interested parties and also requests commenters to identify other issues that Treasury should consider.","document_number":"2025-18226","html_url":"https://www.federalregister.gov/documents/2025/09/19/2025-18226/genius-act-implementation","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-09-19/pdf/2025-18226.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-18226.pdf?1758199522","publication_date":"2025-09-19","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"}],"excerpts":"stablecoin” recognized in the market that differ from how this term is defined in the <span class=\"match\">GENIUS Act</span>? \n \n \n 30. Are there foreign payment stablecoin regulatory or supervisory regimes, or regimes in development, that may be comparable to the regime established under the <span class=\"match\">GENIUS Act</span>? Are there foreign regimes that are in effect, or in development, that materially differ from the regime under the <span class=\"match\">GENIUS Act</span>? \n \n \n 31. What types of differences from the regime under the <span class=\"match\">GENIUS Act</span>, if any, could create market frictions in international digital assets activity"},{"title":"GENIUS Act Regulations on Payment Stablecoin Issuance, Offer, and Sale","type":"Proposed Rule","abstract":"The Department of the Treasury (Treasury) proposes to issue regulations to implement section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act regarding the statutory prohibitions and limitations on payment stablecoin issuance, offer, and sale in the United States.","document_number":"2026-16796","html_url":"https://www.federalregister.gov/documents/2026/08/18/2026-16796/genius-act-regulations-on-payment-stablecoin-issuance-offer-and-sale","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-08-18/pdf/2026-16796.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-16796.pdf?1786970721","publication_date":"2026-08-18","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"}],"excerpts":"Jonathan Hurowitz, Senior Advisor, Office of Financial Institutions, Treasury, at \n OGC_GeniusAct@Treasury.gov \n or 202-622-0480.\n \n \n \n \n SUPPLEMENTARY INFORMATION: \n I. Background and Authority \n \n The <span class=\"match\">GENIUS Act</span>, enacted on July 18, 2025, establishes a comprehensive framework for the regulation of payment stablecoins.\n 1 \n \n As defined in the <span class=\"match\">GENIUS Act</span>, a payment stablecoin is a digital asset \n 2 \n \n (i) that is, or is designed to be, used as a means of payment or settlement, and (ii) the issuer of which is obligated to convert, redeem, or repurchase"},{"title":"Investments in and Licensing of Permitted Payment Stablecoins Issuers","type":"Proposed Rule","abstract":"The NCUA Board (Board) is seeking comment on proposed regulations to implement portions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The GENIUS Act charges the NCUA with licensing, regulating, and supervising payment stablecoin issuers that are subsidiaries of federally insured credit unions (FICU subsidiaries). The GENIUS Act also requires the NCUA to issue implementing regulations by July 18th, 2026. This proposed rule proposes regulations to implement the statutorily required process for approval and licensure of permitted payment stablecoin issuers (PPSIs) subject to the NCUA's jurisdiction. It also proposes regulations limiting FICUs to investing in NCUA-licensed PPSIs. A forthcoming proposal will propose regulations to implement the standards and restrictions imposed by the GENIUS Act on PPSIs.","document_number":"2026-02868","html_url":"https://www.federalregister.gov/documents/2026/02/12/2026-02868/investments-in-and-licensing-of-permitted-payment-stablecoins-issuers","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-02-12/pdf/2026-02868.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-02868.pdf?1770817517","publication_date":"2026-02-12","agencies":[{"raw_name":"NATIONAL CREDIT UNION ADMINISTRATION","name":"National Credit Union Administration","id":335,"url":"https://www.federalregister.gov/agencies/national-credit-union-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/335","parent_id":null,"slug":"national-credit-union-administration"}],"excerpts":" On July 18, 2025, President Trump signed the <span class=\"match\">GENIUS Act</span> into law. The <span class=\"match\">GENIUS Act</span> establishes a regulatory framework for payment stablecoins and provides pathways for regulation at both the Federal and State level. \n Under the <span class=\"match\">GENIUS Act</span>, “insured depository institutions,” which the Act defines to include both FDIC-insured depository institutions and FICUs (collectively referred to as “IDIs”), cannot be issuers of payment stablecoins. Instead, IDIs must use “subsidiaries” as issuers. The <span class=\"match\">GENIUS Act</span> defines the term “subsidiary of an insured credit"},{"title":"GENIUS Act Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers and Insured Depository Institutions","type":"Proposed Rule","abstract":"The Federal Deposit Insurance Corporation (FDIC) is soliciting comment on a proposal that would implement certain requirements pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) applicable to FDIC-supervised permitted payment stablecoin issuers and insured depository institutions, clarify deposit insurance coverage for deposits held as reserve assets for payment stablecoins, and clarify the treatment of tokenized deposits.","document_number":"2026-06974","html_url":"https://www.federalregister.gov/documents/2026/04/10/2026-06974/genius-act-requirements-and-standards-for-fdic-supervised-permitted-payment-stablecoin-issuers-and","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-10/pdf/2026-06974.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-06974.pdf?1775738716","publication_date":"2026-04-10","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"prohibitions found in section 4 of the <span class=\"match\">GENIUS Act</span> or proposed part 350. This paragraph is consistent with section 4(h)(1) of the <span class=\"match\">GENIUS Act</span> (12 U.S.C. 5903(h)) which gives the FDIC the authority to issue regulations to prevent evasions of section 4 of the <span class=\"match\">GENIUS Act</span>. \n Unlawful Marketing \n Proposed § 350.3(b)(7) would prohibit a PPSI from marketing a product in the United States as a payment stablecoin, or from issuing a payment stablecoin, unless the product or payment stablecoin is issued in compliance with the <span class=\"match\">GENIUS Act</span> and part 350. This paragraph is"},{"title":"Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism Program and Sanctions Compliance Program Requirements","type":"Proposed Rule","abstract":"The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) are jointly issuing this proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). Specifically, it implements the GENIUS Act's directive to treat permitted payment stablecoin issuers (PPSIs) as financial institutions for purposes of the Bank Secrecy Act, proposes anti-money laundering obligations for PPSIs, and proposes certain specific obligations required by the GENIUS Act for PPSIs. It also implements the GENIUS Act's directive to require PPSIs to maintain effective sanctions compliance programs.","document_number":"2026-06963","html_url":"https://www.federalregister.gov/documents/2026/04/10/2026-06963/permitted-payment-stablecoin-issuer-anti-money-launderingcountering-the-financing-of-terrorism","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-10/pdf/2026-06963.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-06963.pdf?1775738715","publication_date":"2026-04-10","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of Foreign Assets Control","name":"Foreign Assets Control Office","id":203,"url":"https://www.federalregister.gov/agencies/foreign-assets-control-office","json_url":"https://www.federalregister.gov/api/v1/agencies/203","parent_id":497,"slug":"foreign-assets-control-office"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"stablecoin issuer provided in the <span class=\"match\">GENIUS Act</span> by replacing the statutory term “person” with the language the <span class=\"match\">GENIUS Act</span> uses to define “person” as provided in 12 U.S.C. 5901(24).\n 148 \n \n As described above, the term “person” is already defined in FinCEN regulations at 31 CFR 1010.100(mm) \n 149 \n \n and differs from the <span class=\"match\">GENIUS Act</span> definition of person. To ensure the definition of “permitted payment stablecoin issuer” accurately applies only to “persons” as defined in the <span class=\"match\">GENIUS Act</span>, FinCEN proposes adding the <span class=\"match\">GENIUS Act</span> definition of “person” within the"},{"title":"Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the National Credit Union Administration","type":"Proposed Rule","abstract":"The NCUA Board (Board) is seeking comment on proposed regulations to implement portions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The GENIUS Act charges the NCUA with licensing, regulating, and supervising Payment Stablecoin issuers that are subsidiaries of federally insured credit unions (FICU subsidiaries). In February 2026, the NCUA issued proposed regulations to govern investments in and licensing of permitted payment stablecoin issuers subject to the NCUA's jurisdiction. This current proposal supplements the previous proposal and would govern the issuance of Payment Stablecoins and certain related activities by entities subject to the NCUA's jurisdiction. This proposal would also make amendments to address share insurance coverage, tokenized shares, and other conforming and clarifying amendments.","document_number":"2026-09915","html_url":"https://www.federalregister.gov/documents/2026/05/18/2026-09915/implementing-the-guiding-and-establishing-national-innovation-for-us-stablecoins-act-for-the","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-05-18/pdf/2026-09915.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-09915.pdf?1778849126","publication_date":"2026-05-18","agencies":[{"raw_name":"NATIONAL CREDIT UNION ADMINISTRATION","name":"National Credit Union Administration","id":335,"url":"https://www.federalregister.gov/agencies/national-credit-union-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/335","parent_id":null,"slug":"national-credit-union-administration"}],"excerpts":"clarifying amendments. \n A. Self-Executing Provisions \n The <span class=\"match\">GENIUS Act</span> includes a number of self-executing provisions that are not addressed in this rulemaking. For example, the <span class=\"match\">GENIUS Act</span> includes several provisions addressing the applicability of State law to PPSIs. These provisions ensure that FICU subsidiaries approved to be NCUA-Licensed PPSIs are not subject to State licensure and address the effect of the <span class=\"match\">GENIUS Act</span> on State consumer protection laws. \n \n Section 5(h) of the <span class=\"match\">GENIUS Act</span> expressly preempts “any State requirement for a charter,"},{"title":"Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers","type":"Proposed Rule","abstract":"The Federal Deposit Insurance Corporation (FDIC) proposes to issue regulations pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) that would implement appropriate Bank Secrecy Act (BSA) and sanctions compliance standards applicable to FDIC-supervised permitted payment stablecoin issuers.","document_number":"2026-11342","html_url":"https://www.federalregister.gov/documents/2026/06/05/2026-11342/bank-secrecy-act-and-sanctions-compliance-standards-for-fdic-supervised-permitted-payment-stablecoin","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-06-05/pdf/2026-11342.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-11342.pdf?1780577118","publication_date":"2026-06-05","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"FDIC, as required by section 13 of the <span class=\"match\">GENIUS Act</span>, 12 U.S.C. 5913, coordinated with fellow regulators, as appropriate. The <span class=\"match\">GENIUS Act</span> will become effective on January 18, 2027, or 120 days after the date on which the primary Federal payment stablecoin regulators issue any final regulations implementing the Act, if earlier. \n See \n 12 U.S.C. 5901 note.\n \n \n \n On April 10, 2026, the FDIC issued a notice of proposed rulemaking that would, among other things, establish a prudential framework pursuant to the <span class=\"match\">GENIUS Act</span> for FDIC-supervised PPSIs, including"},{"title":"GENIUS Act Broad-Based Principles for Determining Whether a State-Level Regulatory Regime Is Substantially Similar to the Federal Regulatory Framework","type":"Proposed Rule","abstract":"The Department of the Treasury (Treasury) proposes to implement section 4(c) of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act by establishing broad- based principles for determining when a State-level regulatory regime is substantially similar to the Federal regulatory framework.","document_number":"2026-06489","html_url":"https://www.federalregister.gov/documents/2026/04/03/2026-06489/genius-act-broad-based-principles-for-determining-whether-a-state-level-regulatory-regime-is","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-03/pdf/2026-06489.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-06489.pdf?1775133910","publication_date":"2026-04-03","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"}],"excerpts":"regulatory regime upon determining that it meets or exceeds the standards and requirements described in section 4(a) of the <span class=\"match\">GENIUS Act</span> (12 U.S.C. 5903(a)).\n 7 \n \n To effectuate this process, the <span class=\"match\">GENIUS Act</span> tasks Treasury with establishing broad-based principles for determining whether a State-level regulatory regime is substantially similar to the Federal regulatory framework under the <span class=\"match\">GENIUS Act</span>.\n 8 \n \n \n \n \n 6 \n  Under the <span class=\"match\">GENIUS Act</span>, the Secretary of the Treasury chairs the Stablecoin Certification Review Committee, an interagency committee that also"},{"title":"Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions","type":"Proposed Rule","abstract":"The Federal Deposit Insurance Corporation (FDIC) is soliciting comments on a proposal that would establish procedures to be followed by an insured State nonmember bank or State savings association (each, an FDIC-supervised institution) that seeks to obtain FDIC approval to issue payment stablecoins through a subsidiary pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).","document_number":"2025-23510","html_url":"https://www.federalregister.gov/documents/2025/12/19/2025-23510/approval-requirements-for-issuance-of-payment-stablecoins-by-subsidiaries-of-fdic-supervised-insured","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-12-19/pdf/2025-23510.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-23510.pdf?1766065531","publication_date":"2025-12-19","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"5901(25).\n \n \n \n \n 7 \n  “Insured depository institution” is defined in section 2(15) of the <span class=\"match\">GENIUS Act</span>, 12 U.S.C. 5901(15). The <span class=\"match\">GENIUS Act</span> uses the term “insured depository institution” to refer to both an insured depository institution, as defined in section 3 of the Federal Deposit Insurance Act (FDI Act) (12 U.S.C. 1813) and an insured credit union, as defined in section 101 of the Federal Credit Union Act (12 U.S.C. 1752).\n \n \n \n Under the <span class=\"match\">GENIUS Act</span>, subject to certain limited exceptions, only a PPSI may issue a payment stablecoin in the United"},{"title":"Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the Office of the Comptroller of the Currency","type":"Proposed Rule","abstract":"The Office of the Comptroller of the Currency (OCC) proposes to issue regulations to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act regarding the issuance of payment stablecoins and certain related activities by entities subject to the OCC's jurisdiction.","document_number":"2026-04089","html_url":"https://www.federalregister.gov/documents/2026/03/02/2026-04089/implementing-the-guiding-and-establishing-national-innovation-for-us-stablecoins-act-for-the","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-03-02/pdf/2026-04089.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-04089.pdf?1772199923","publication_date":"2026-03-02","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"}],"excerpts":"to the Stablecoin Certification Review Committee under the <span class=\"match\">GENIUS Act</span>. The OCC believes adopting the definition provided in the <span class=\"match\">GENIUS Act</span> is appropriate in this instance because the changes that the OCC would otherwise make to the definition if it did not adopt the definition provided in the <span class=\"match\">GENIUS Act</span> would not alter the substantive requirements of the proposed rule for entities within its scope.\n \n \n State. \n The OCC is proposing to define the term “State” as provided in the <span class=\"match\">GENIUS Act</span>, 12 U.S.C. 5901(28). Under the proposed rule, the term “State”"},{"title":"Permitted Payment Stablecoin Issuer Customer Identification Program","type":"Proposed Rule","abstract":"The Financial Crimes Enforcement Network (FinCEN), together with the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) are jointly issuing this proposed rule to implement certain provisions of the Guiding and Establishing National and Innovation for U.S. Stablecoins Act (GENIUS Act). Specifically, this rulemaking implements the GENIUS Act's directives to treat permitted payment stablecoin issuers as financial institutions under the Bank Secrecy Act and to require issuers to maintain an effective customer identification program.","document_number":"2026-12460","html_url":"https://www.federalregister.gov/documents/2026/06/22/2026-12460/permitted-payment-stablecoin-issuer-customer-identification-program","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-06-22/pdf/2026-12460.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-12460.pdf?1781786722","publication_date":"2026-06-22","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":" \n See \n 12 U.S.C. 5901(31).\n \n \n IV. Overview of Stablecoins and Issuers \n \n The <span class=\"match\">GENIUS Act</span> only governs a subcategory of stablecoins, namely “payment stablecoins” as defined by the <span class=\"match\">GENIUS Act</span>, and a subcategory of actors in the payment stablecoin ecosystem, most critically for this rulemaking, PPSIs.\n 34 \n \n Thus, under the <span class=\"match\">GENIUS Act</span>, not all stablecoins are payment stablecoins and not all stablecoin issuers will be eligible to be PPSIs. Because the <span class=\"match\">GENIUS Act</span> framework is not yet in place, however, it is not determined which specific stablecoins"},{"title":"Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions; Extension of Comment Period","type":"Proposed Rule","abstract":"On December 19, 2025, the Federal Deposit Insurance Corporation (FDIC) published in the Federal Register a notice of proposed rulemaking that would establish procedures to be followed by an insured State nonmember bank or State savings association (each, an FDIC-supervised institution) that seeks to obtain FDIC approval to issue payment stablecoins through a subsidiary pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The proposed rule provided for a 60-day comment period, which will close on February 17, 2026. The FDIC has determined that an extension of the comment period until May 18, 2026, is appropriate. This action will allow interested parties additional time to analyze the proposal and prepare comments.","document_number":"2026-02665","html_url":"https://www.federalregister.gov/documents/2026/02/11/2026-02665/approval-requirements-for-issuance-of-payment-stablecoins-by-subsidiaries-of-fdic-supervised-insured","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-02-11/pdf/2026-02665.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-02665.pdf?1770731110","publication_date":"2026-02-11","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"an insured State nonmember bank or State savings association (each, an FDIC-supervised institution) that seeks to obtain FDIC approval to issue payment stablecoins through a subsidiary pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (<span class=\"match\">GENIUS Act</span>). The proposed rule provided for a 60-day comment period, which will close on February 17, 2026. The FDIC has determined that an extension of the comment period until May 18, 2026, is appropriate. This action will allow interested parties additional time to analyze the"},{"title":"Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism and Sanctions Compliance Risk Management","type":"Proposed Rule","abstract":"The Office of the Comptroller of the Currency (OCC), in coordination with the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC), proposes to issue regulations to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act's requirement to issue regulations implementing appropriate Bank Secrecy Act (BSA) and sanctions compliance standards for permitted payment stablecoin issuers subject to the OCC's jurisdiction.","document_number":"2026-12692","html_url":"https://www.federalregister.gov/documents/2026/06/24/2026-12692/permitted-payment-stablecoin-issuer-anti-money-launderingcountering-the-financing-of-terrorism-and","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-06-24/pdf/2026-12692.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-12692.pdf?1782218717","publication_date":"2026-06-24","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"}],"excerpts":"7-1-1 to access telecommunications relay services.\n \n \n \n \n SUPPLEMENTARY INFORMATION: \n I. Description of the Proposed Rule \n \n On March 2, 2026, the OCC issued a proposed rule that would implement the Guiding and Establishing National Innovation for U.S. Stablecoins (<span class=\"match\">GENIUS) Act</span> (12 U.S.C. 5901 \n et seq. \n ) regarding the issuance of payment stablecoins and certain related activities by entities subject to the OCC's jurisdiction (March 2 proposed rule).\n 1 \n \n The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) and the"},{"title":"Anti-Money Laundering and Countering the Financing of Terrorism Programs","type":"Proposed Rule","abstract":"The Board of Governors of the Federal Reserve System (the Board) is inviting comment on a proposed rule that would require its supervised banks to establish and maintain effective anti-money laundering and countering the financing of terrorism (AML/CFT) programs reasonably designed to identify, assess, and mitigate risks of illicit finance. Among other changes, this proposed rule would ensure that Board-supervised banks establish and maintain effective AML/CFT programs that are intended to better achieve the purposes of the Bank Secrecy Act (BSA), culminating in the development of highly useful information related to illicit financial transactions for law enforcement and national security agencies. The amendments are intended to align with changes to AML/CFT program requirements proposed by the Financial Crimes Enforcement Network (FinCEN) to implement provisions of the Anti-Money Laundering Act of 2020 (AML Act) and corresponding changes proposed by the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) (collectively, \"the Agencies\") on April 10, 2026.","document_number":"2026-13919","html_url":"https://www.federalregister.gov/documents/2026/07/09/2026-13919/anti-money-laundering-and-countering-the-financing-of-terrorism-programs","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-07-09/pdf/2026-13919.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-13919.pdf?1783514720","publication_date":"2026-07-09","agencies":[{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"}],"excerpts":" Most recently, Congress enacted the Guiding and Establishing National Innovation for U.S. Stablecoins (<span class=\"match\">GENIUS) Act</span> on July 18, 2025. Pub. L. 119-27, \n codified at \n 12 U.S.C. 5901 \n et seq. \n The <span class=\"match\">GENIUS Act</span> requires that permitted payment stablecoin issuers (PPSIs) be treated as financial institutions under the BSA, including being required to maintain “an effective anti-money laundering program.” \n See \n 12 U.S.C. 5903(a)(5)(i). The <span class=\"match\">GENIUS Act</span> also requires the Board and the Agencies to issue regulations relating to PPSIs, including Bank Secrecy"},{"title":"OCC Rules Regarding the Availability of OCC Information","type":"Proposed Rule","abstract":"The Office of the Comptroller of the Currency (OCC) is proposing changes to its rules on information disclosure. The proposal would clarify the process for obtaining OCC approval to disclose non- public OCC information and allow for the disclosure of confidential supervisory information without OCC approval in certain circumstances, provided that applicable safeguards are observed. It also refines the OCC's process for requesting records under the Freedom of Information Act (FOIA), amends the rules to provide for expedited process of FOIA requests, and makes other structural and conforming changes.","document_number":"2026-15867","html_url":"https://www.federalregister.gov/documents/2026/08/05/2026-15867/occ-rules-regarding-the-availability-of-occ-information","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-08-05/pdf/2026-15867.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-15867.pdf?1785847512","publication_date":"2026-08-05","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"}],"excerpts":"information, as well as other Federal or State government agencies with which the OCC may share information, including under its rule implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act (<span class=\"match\">GENIUS Act</span>) (12 U.S.C. 5901 \n et seq. \n ).\n 16 \n \n \n \n \n 16 \n  The OCC's proposal to implement the <span class=\"match\">GENIUS Act</span> can be found at 91 FR 10202 (Mar. 2, 2026).\n \n \n \n Nonexempt information. \n Whereas the FOIA uses the term “exempt” to identify information that may be withheld from disclosure under that statute, the OCC proposes to define"},{"title":"Anti-Money Laundering and Countering the Financing of Terrorism Programs","type":"Proposed Rule","abstract":"The Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) (collectively, \"the Agencies\" or \"Agency\" when referencing the singular) are inviting comment on a proposed rule that would require banks to establish and maintain effective anti-money laundering and countering the financing of terrorism (AML/CFT) programs reasonably designed to identify, assess, and mitigate risks of illicit finance. The amendments are intended to align with changes that are being concurrently proposed by the Financial Crimes Enforcement Network (FinCEN) to implement provisions of the Anti-Money Laundering Act of 2020 (AML Act). Among other changes, this proposed rule would ensure that institutions establish and maintain effective AML/CFT programs that are intended to better achieve the purposes of the Bank Secrecy Act (BSA), culminating in the development of highly useful information related to illicit financial transactions for law enforcement and national security agencies. Through this rulemaking, the Agencies also intend to modernize and reform Federal supervision of AML/CFT programs by enhancing FinCEN's role in AML/CFT supervision and enforcement.","document_number":"2026-06948","html_url":"https://www.federalregister.gov/documents/2026/04/10/2026-06948/anti-money-laundering-and-countering-the-financing-of-terrorism-programs","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-10/pdf/2026-06948.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-06948.pdf?1775738713","publication_date":"2026-04-10","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"},{"raw_name":"NATIONAL CREDIT UNION ADMINISTRATION","name":"National Credit Union Administration","id":335,"url":"https://www.federalregister.gov/agencies/national-credit-union-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/335","parent_id":null,"slug":"national-credit-union-administration"}],"excerpts":" Most recently, Congress enacted the Guiding and Establishing National Innovation for U.S. Stablecoins (<span class=\"match\">GENIUS) Act</span> on July 18, 2025. Public Law 119-27, codified at 12 U.S.C. 5901 \n et seq. \n The <span class=\"match\">GENIUS Act</span> requires that permitted payment stablecoin issuers (PPSIs) be treated as financial institutions under the BSA, including being required to maintain “an effective anti-money laundering program.” \n See \n 12 U.S.C. 5903(a)(5)(i). The <span class=\"match\">GENIUS Act</span> also requires the primary Federal payment stablecoin regulators, which are the Agencies and the Federal"},{"title":"Anti-Money Laundering and Countering the Financing of Terrorism Programs","type":"Proposed Rule","abstract":"Pursuant to the Department of the Treasury (Treasury) and FinCEN's efforts to modernize the Bank Secrecy Act (BSA) and to implement provisions of the Anti-Money Laundering Act of 2020 (AML Act), FinCEN is proposing a rule to fundamentally reform the requirements for financial institutions' anti-money laundering and countering the financing of terrorism (AML/CFT) programs. Among other changes, this proposed rule aims to ensure that financial institutions establish and maintain effective AML/CFT programs that better achieve the purposes of the BSA and lead to more effective outcomes for financial institutions as well as law enforcement and national security agencies. Through this rulemaking, consistent with its statutory authority as the administrator of the BSA, FinCEN is also proposing measures to modernize and reform Federal supervision of AML/CFT programs by enhancing FinCEN's role in AML/CFT supervision and enforcement in coordination with Federal banking regulators. In addition, FinCEN is proposing regulatory amendments to promote clarity and consistency across FinCEN's program rules for different types of financial institutions.","document_number":"2026-07033","html_url":"https://www.federalregister.gov/documents/2026/04/10/2026-07033/anti-money-laundering-and-countering-the-financing-of-terrorism-programs","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-10/pdf/2026-07033.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-07033.pdf?1775738723","publication_date":"2026-04-10","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":" Most recently, Congress enacted the Guiding and Establishing National Innovation for U.S. Stablecoins (<span class=\"match\">GENIUS) Act</span> on July 18, 2025. Public Law 119-27, \n codified at \n 12 U.S.C. 5901 \n et seq. \n The <span class=\"match\">GENIUS Act</span> requires that permitted payment stablecoin issuers be treated as financial institutions for purposes of the BSA including being required to maintain “an effective anti-money laundering program.” \n See \n 12 U.S.C. 5903(a)(5)(A)(i). The <span class=\"match\">GENIUS Act</span> also requires the Agencies to issue regulations relating to PPSIs, including regulations pertaining"}]}