{"description":"Documents matching '\"payment stablecoin\"' and of type Proposed Rule","count":19,"total_pages":1,"results":[{"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":"which are here used to describe this proposed rule. These definitions include “digital asset,” \n 26 \n \n “distributed ledger,” \n 27 \n \n “<span class=\"match\">payment stablecoin</span>,” \n 28 \n \n “permitted <span class=\"match\">payment stablecoin</span> issuer,” \n 29 \n \n “primary Federal <span class=\"match\">payment stablecoin</span> regulator,” \n 30 \n \n “Federal qualified <span class=\"match\">payment stablecoin</span> issuer,” \n 31 \n \n “State <span class=\"match\">payment stablecoin</span> regulator,” \n 32 \n \n and “State qualified <span class=\"match\">payment stablecoin</span> issuer.” \n 33 \n \n Generally speaking, the proposed definitions in the PPSI AML/CFT NPRM track the language the GENIUS Act uses to define"},{"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":"permitted <span class=\"match\">payment stablecoin</span> issuer to offer and sell a <span class=\"match\">payment stablecoin</span> that a digital asset service provider is not permitted to offer or sell, such as a <span class=\"match\">payment stablecoin</span> issued by a foreign <span class=\"match\">payment stablecoin</span> issuer that does not have the technological capability to comply, or will not comply, with the terms of any lawful order and any reciprocal arrangement pursuant to section 18 of the Act (12 U.S.C. 5916).\n 25 \n \n This interpretation would likewise allow a foreign <span class=\"match\">payment stablecoin</span> issuer to offer and sell a <span class=\"match\">payment stablecoin</span> issued by"},{"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":"the other primary Federal <span class=\"match\">payment stablecoin</span> regulators \n 3 \n \n and the Department of Treasury, to implement regulations to carry out the Act's requirements in establishing a Federal <span class=\"match\">payment stablecoin</span> regulatory framework for supervised entities.\n 4 \n \n The FDIC is the primary Federal <span class=\"match\">payment stablecoin</span> regulator of PPSIs that are subsidiaries of insured State nonmember banks and State savings associations that have been approved by the FDIC to issue payment stablecoins.\n \n \n \n 3 \n  The primary Federal <span class=\"match\">payment stablecoin</span> regulators are the FDIC,"},{"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":"otherwise make available in the United States a <span class=\"match\">Payment Stablecoin</span> issued by a foreign <span class=\"match\">payment stablecoin</span> issuer, unless certain conditions are met.\n \n \n \n 101 \n  12 U.S.C. 5915(b).\n \n \n \n \n 102 \n  Section 16(b) of the Act provides in part that “Entities regulated by the primary Federal <span class=\"match\">payment stablecoin</span> regulators are authorized to engage in the <span class=\"match\">payment stablecoin</span> activities and investments contemplated by this Act, including acting as a principal or agent with respect to any <span class=\"match\">payment stablecoin</span> and payment of fees to facilitate customer transactions"},{"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":"a Federal qualified <span class=\"match\">payment stablecoin</span> issuer.\n \n \n \n \n 15 \n  A State qualified <span class=\"match\">payment stablecoin</span> issuer is an entity that is: (A) legally established under the laws of a State and approved to issue payment stablecoins by a State <span class=\"match\">payment stablecoin</span> regulator; and (B) is not an uninsured national bank chartered by the OCC, a Federal branch, an IDI, or a subsidiary of a national bank, Federal branch, or IDI. FICUs and FICU subsidiaries, including \n \n CUSOs, therefore, would not qualify as a State qualified <span class=\"match\">payment stablecoin</span> issuer.\n \n \n \n Section"},{"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":"more \n \n than one distinguishable brand \n 22 \n \n of <span class=\"match\">payment stablecoin</span>. A PPSI may issue multiple brands of distinct <span class=\"match\">payment stablecoin</span> but, under the proposal, would be required to maintain required reserves with assets that can be separately identified as backing a particular brand of distinct <span class=\"match\">payment stablecoin</span> and each brand of <span class=\"match\">payment stablecoin</span> would independently comply with proposed § 350.4(a). Thus, if a PPSI issues more than one brand of distinct <span class=\"match\">payment stablecoin</span>, each <span class=\"match\">payment stablecoin</span> must have a segregated pool of reserves, kept, maintained"},{"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":"proposed part 15 include other protections to ensure that permitted <span class=\"match\">payment stablecoin</span> holders are able to redeem, or otherwise receive cash, for their payment stablecoins? Proposed part 15 would allow the customers of a permitted <span class=\"match\">payment stablecoin</span> issuer to redeem stablecoins directly with a permitted <span class=\"match\">payment stablecoin</span> issuer, but not all holders of a <span class=\"match\">payment stablecoin</span> will necessarily be customers of a permitted <span class=\"match\">payment stablecoin</span> issuer. While the OCC expects that <span class=\"match\">payment stablecoin</span> holders will generally be able to monetize their payment stablecoins"},{"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":"100(bbb)(1). \n \n \n   \n Amend the definition of “transmittal order,” to add a <span class=\"match\">payment stablecoin</span> as a subject of an order \n VI.C.1.iv \n XII.A.3.i \n 31 CFR 1010.100(eee). \n \n \n   \n Define the terms “digital asset,” “distributed ledger,” “lawful order,” “<span class=\"match\">payment stablecoin</span>,” “permitted <span class=\"match\">payment stablecoin</span> issuer,” “primary Federal <span class=\"match\">payment stablecoin</span> regulator,” “Federal qualified <span class=\"match\">payment stablecoin</span> issuer,” “State <span class=\"match\">payment stablecoin</span> regulator,” and “State qualified <span class=\"match\">payment stablecoin</span> issuer.” \n VI.C.1.v-xiii \n XII.A.3.i \n 31 CFR 1010.100(ppp), (qqq), (rrr)"},{"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":"section 4 of the Act (12 U.S.C. 5903) applicable to State qualified <span class=\"match\">payment stablecoin</span> issuers to the same extent as the primary Federal <span class=\"match\">payment stablecoin</span> regulators do for permitted <span class=\"match\">payment stablecoin</span> issuers under their jurisdiction.\n 44 \n \n Treasury interprets the Act to provide State <span class=\"match\">payment stablecoin</span> regulators with substantial latitude in the supervision and enforcement of State qualified <span class=\"match\">payment stablecoin</span> issuers, consistent with their important co-equal role as <span class=\"match\">payment stablecoin</span> regulators in the dual Federal-State regime established by 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 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":"“foreign <span class=\"match\">payment stablecoin</span> issuers.” The GENIUS Act and this proposed part address the potential overlap created by inclusion of territories in both definitions by defining “foreign <span class=\"match\">payment stablecoin</span> issuers” to exclude “permitted <span class=\"match\">payment stablecoin</span> issuers.” Therefore, if a <span class=\"match\">payment stablecoin</span> issuer is a “permitted <span class=\"match\">payment stablecoin</span> issuer” because it is a “State qualified <span class=\"match\">payment stablecoin</span> issuer” that is legally established under the laws of a territory of the United States then by definition it cannot be a “foreign <span class=\"match\">payment stablecoin</span> issuer"},{"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":"limited exceptions, only a PPSI may issue a <span class=\"match\">payment stablecoin</span> in the United States. A PPSI is a person \n 8 \n \n formed in the United States that is (1) a subsidiary of an IDI approved by its primary Federal <span class=\"match\">payment stablecoin</span> regulator; (2) a Federal qualified <span class=\"match\">payment stablecoin</span> issuer approved by the OCC; or (3) a State-qualified <span class=\"match\">payment stablecoin</span> issuer approved by its State <span class=\"match\">payment stablecoin</span> regulator.\n 9 \n \n With respect to a PPSI that is a subsidiary of an IDI, the PPSI's primary Federal <span class=\"match\">payment stablecoin</span> regulator is the same as the IDI's appropriate"},{"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":"2028, digital asset service providers \n 6 \n \n may not offer or sell \n \n a <span class=\"match\">payment stablecoin</span> to any person in the United States unless the <span class=\"match\">payment stablecoin</span> is issued by a PPSI or issued by a foreign <span class=\"match\">payment stablecoin</span> issuer (FPSI) that meets certain requirements.\n 7 \n \n The GENIUS Act provides three primary categories of PPSIs, all of which must be formed in the United States: (i) a subsidiary of an insured depository institution; (ii) a federal qualified <span class=\"match\">payment stablecoin</span> issuer; or (iii) a state qualified stablecoin issuer.\n 8 \n \n \n \n \n 5 \n  Sec"},{"title":"Prohibition on Use of Reputation Risk or Other Supervisory Tools To Encourage or Compel Banking Organizations To Engage in Politicized or Unlawful Discrimination","type":"Proposed Rule","abstract":"The Board of Governors of the Federal Reserve System (Board) is inviting public comment on a notice of proposed rulemaking (proposal or proposed rule) that would codify the removal of reputation risk from the Board's supervisory programs. The proposal would prohibit the Board from encouraging or compelling Board-supervised banking organizations to deny or condition the provision of banking or other financial products or services to an individual or business based on their constitutionally protected political or religious beliefs, associations, speech, or conduct, or based on involvement by the individual or business in politically disfavored but lawful business activities perceived to present reputation risk.","document_number":"2026-03818","html_url":"https://www.federalregister.gov/documents/2026/02/26/2026-03818/prohibition-on-use-of-reputation-risk-or-other-supervisory-tools-to-encourage-or-compel-banking","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-02-26/pdf/2026-03818.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-03818.pdf?1772027110","publication_date":"2026-02-26","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":"Board consider? Should the Board consider including additional or fewer categories of entities? For example, the Board intends to include “permitted <span class=\"match\">payment stablecoin</span> issuers,” as defined in 12 U.S.C. 5901(23), as a banking organization after the Board completes rulemakings required under 12 U.S.C. 5901 et seq. What are other considerations the Board should consider regarding permitted <span class=\"match\">payment stablecoin</span> issuers in the context of the rulemakings required under 12 U.S.C. 5901 et seq.? \n \n \n Question 4: Is the proposal's regulatory text that would codify"},{"title":"Bank Appeals Process","type":"Proposed Rule","abstract":"The Office of the Comptroller of the Currency (OCC) is issuing a notice of proposed rulemaking to establish revised procedures and policies for appeals of material supervisory determinations by OCC supervised entities. The proposed changes would reflect the OCC's experience administering the bank appeals process and are intended to enhance the independence and efficiency of the appeals function.","document_number":"2026-03086","html_url":"https://www.federalregister.gov/documents/2026/02/17/2026-03086/bank-appeals-process","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-02-17/pdf/2026-03086.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-03086.pdf?1770990328","publication_date":"2026-02-17","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":"The OCC is proposing to define “supervised entity” to mean an entity for which the OCC makes material supervisory determinations. This includes national banks, Federal savings associations, U.S. agencies or branches of a foreign bank, and permitted <span class=\"match\">payment stablecoin</span> issuers and foreign <span class=\"match\">payment stablecoin</span> issuers subject to the OCC's regulatory authority. An \n \n institution-affiliated party of such an entity that is directly affected by an informal enforcement action may also appeal the informal enforcement action. This definition is intentionally"},{"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":"means:\n \n \n (1) A national bank or Federal savings association, a subsidiary of a national bank or Federal savings association, or a Federal branch or agency of a foreign bank licensed by the OCC as defined under 12 CFR 28.11(g) and (h), any permitted <span class=\"match\">payment stablecoin</span> issuer or foreign <span class=\"match\">payment stablecoin</span> issuer for whom the OCC has regulatory or enforcement authority pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (12 U.S.C. 5901 \n et seq. \n ), or any other entity supervised by the OCC; and\n \n (2) Any individual"},{"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":"Stablecoins (GENIUS) Act on July 18, 2025. Public Law 119-27, codified at 12 U.S.C. 5901 \n et seq. \n The GENIUS Act requires that permitted <span class=\"match\">payment stablecoin</span> 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 GENIUS Act also requires the primary Federal <span class=\"match\">payment stablecoin</span> regulators, which are the Agencies and the Federal Reserve Board to issue regulations relating to PPSIs, including Bank Secrecy Act and sanctions"},{"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":"respective program rules.\n 15 \n \n \n \n \n 9 \n  Most recently, Congress enacted the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act on July 18, 2025. Pub. L. 119-27, \n codified at \n 12 U.S.C. 5901 \n et seq. \n The GENIUS Act requires that permitted <span class=\"match\">payment stablecoin</span> 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 GENIUS Act also requires the Board and the Agencies to issue regulations relating"},{"title":"Merger Transactions","type":"Proposed Rule","abstract":"The Federal Deposit Insurance Corporation (FDIC) is inviting comment on a proposed rule that would fundamentally reform important aspects of the FDIC's approach to processing and evaluating merger transactions subject to the Bank Merger Act (BMA). Notable reforms under the proposed rule would include: accounting for credit unions and centrally booked deposits in the initial competitive effects analysis; establishing a letter filing process with \"deemed approval\" for \"de minimis merger transactions;\" tailoring other merger filing requirements to reduce burden and processing times based on the size and risk profile of a merger transaction and the attributes of the acquiring and resulting institution; limiting and clarifying the FDIC's discretion to remove a filing from expedited processing; and codifying the FDIC's reformed approach to evaluating the statutory factors under the BMA. Collectively, the revisions under the proposed rule would improve the speed, certainty, and predictability of the FDIC's bank merger framework in a manner consistent with the BMA. In addition, the proposed rule would modernize the framework to better reflect the competitive environment of the U.S. banking industry, including by tailoring it to reflect the full range of merger transactions subject to FDIC review along with reforming or eliminating outdated provisions.","document_number":"2026-19308","html_url":"https://www.federalregister.gov/documents/2026/09/22/2026-19308/merger-transactions","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-09-22/pdf/2026-19308.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-19308.pdf?1789994711","publication_date":"2026-09-22","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":"requirements the FDIC could apply to such corporate reorganizations that would make a deemed approval framework appropriate? \n \n \n Question 60: Should the FDIC expressly address requirements for merger transactions involving an acquisition of a subsidiary that is a permitted <span class=\"match\">payment stablecoin</span> issuer (PPSI), as that term is defined in the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act at 12 U.S.C. 5901(23)? Under the GENIUS Act, an IDI that seeks to issue payment stablecoins must do so through a subsidiary that has been approved"},{"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":"AML programs).\n 12 \n \n \n \n \n 6 \n  Most recently, Congress enacted the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act on July 18, 2025. Public Law 119-27, \n codified at \n 12 U.S.C. 5901 \n et seq. \n The GENIUS Act requires that permitted <span class=\"match\">payment stablecoin</span> 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 GENIUS Act also requires the Agencies to issue regulations relating to PPSIs"}]}