{"description":"Documents matching 'payment stablecoin'","count":139,"total_pages":7,"next_page_url":"https://www.federalregister.gov/api/v1/documents?conditions%5Bterm%5D=payment+stablecoin&format=json&page=2","results":[{"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":"offer or sell a payment stablecoin to a person in the United States, unless the payment stablecoin is issued by a permitted payment stablecoin issuer.\n 8 \n \n Second, section 3(b)(2) (12 U.S.C. 5902(b)(2))—which unlike section 3(b)(1) becomes applicable on the effective date of the Act—specifically addresses payment stablecoins issued by foreign payment stablecoin issuers,\n 9 \n \n providing that it shall be unlawful for any digital asset service provider to offer, sell, or otherwise make available in the United States a payment stablecoin issued by a"},{"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":"Rule","abstract":"The Office of the Comptroller of the Currency (OCC) is issuing regulations implementing 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":"2026-21706","html_url":"https://www.federalregister.gov/documents/2026/10/23/2026-21706/implementing-the-guiding-and-establishing-national-innovation-for-us-stablecoins-act-for-the","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-10-23/pdf/2026-21706.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-21706.pdf?1792673117","publication_date":"2026-10-23","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":"agent for the permitted payment stablecoin issuer, the payment stablecoin holder would not be a customer of the permitted payment stablecoin issuer unless and until the holder sought to redeem the payment stablecoin from the permitted payment stablecoin issuer (or otherwise purchased products or services directly from the permitted payment stablecoin issuer). \n \n The OCC believes that this narrower definition is appropriate in light of additional changes, described below, including adopting a definition of “payment stablecoin holder” and clarifying"},{"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":"(1) issue payment stablecoins; (2) redeem payment stablecoins; (3) manage reserves related to payment stablecoins; and (4) provide custodial or safekeeping services limited to certain assets.\n 16 \n \n The management of payment stablecoin reserves includes purchasing, selling, and holding or holding under custody reserve assets, consistent with Federal and State law.\n 17 \n \n Custody and safekeeping services are limited to only the holding of payment stablecoins, required payment stablecoin reserves, or private keys of payment stablecoins. It does not"},{"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":" for their payment stablecoins? Proposed part 15 would allow the customers of a permitted payment stablecoin issuer to redeem stablecoins directly with a permitted payment stablecoin issuer, but not all holders of a payment stablecoin will necessarily be customers of a permitted payment stablecoin issuer. While the OCC expects that payment stablecoin holders will generally be able to monetize their payment stablecoins, either through sales in the secondary market or through sales to direct customers of a permitted payment stablecoin issuer, should"},{"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":"\n \n 6 \n Currently, rather than mint or redeem stablecoins through the issuer, most market participants rely on digital asset \n \n trading platforms to exchange stablecoins for national currencies (or even other stablecoins). \n \n \n \n 7 \n \n Id. \n at 93.\n \n \n \n \n 8 \n \n See id. \n at 105.\n \n \n \n The GENIUS Act focuses on a subset of stablecoins: Payment Stablecoins. Under section 2(22) of the Act, “payment stablecoin” means “a digital asset—(i) that is, or is designed to be, used as a means of payment or settlement; and (ii) the issuer of which—(I)"},{"title":"Agency Information Collection Activities: Proposed Information Collection; Submission for OMB Review; Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers Subject to the Jurisdiction of the Office of the Comptroller of the Currency","type":"Notice","abstract":"The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a new information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is proposing a new information collection titled \"Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers Subject to the Jurisdiction of the Office of the Comptroller of the Currency,\" that would include weekly and quarterly reporting forms that must be completed by permitted payment stablecoin issuers and foreign payment stablecoin issuers. The OCC is seeking a new OMB control number for this information collection. The OCC also is giving notice that it has sent the collection to OMB for review.","document_number":"2026-21705","html_url":"https://www.federalregister.gov/documents/2026/10/23/2026-21705/agency-information-collection-activities-proposed-information-collection-submission-for-omb-review","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-10-23/pdf/2026-21705.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-21705.pdf?1792673116","publication_date":"2026-10-23","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":"of that payment stablecoin. Permitted payment stablecoin issuers will determine whether payment stablecoins that have been minted meet the definition of a payment stablecoin and whether they are issued to be considered part of outstanding issuance value. If a restricted payment stablecoin remains a liability of the permitted payment stablecoin issuer because the payment stablecoin may be redeemed in the future, then the payment stablecoin is part of the permitted payment stablecoin issuer's outstanding issuance value and a permitted payment stablecoin"},{"title":"Agency Information Collection Activities: Proposed Information Collection; Submission for OMB Review; Applications for Licensing or Registration To Issue Payment Stablecoins Under the GENIUS Act","type":"Notice","abstract":"The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a new information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is proposing a new information collection to comply with the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act or the Act) requirement for entities seeking to issue payment stablecoins in the United States, titled \"Applications for Licensing or Registration to Issue Payment Stablecoins Under the GENIUS Act.\" The OCC is seeking a new OMB control number for this information collection and is giving notice that it has sent the collection to OMB for review.","document_number":"2026-21704","html_url":"https://www.federalregister.gov/documents/2026/10/23/2026-21704/agency-information-collection-activities-proposed-information-collection-submission-for-omb-review","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-10-23/pdf/2026-21704.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-21704.pdf?1792673116","publication_date":"2026-10-23","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":"than a permitted payment stablecoin issuer (PPSI) from issuing payment stablecoins in the United States. Further, the Act prohibits a foreign payment stablecoin issuer from offering, selling, or otherwise making available in the United States a payment stablecoin unless, among other conditions, the foreign payment stablecoin issuer is registered with the OCC.\n \n \n \n 1 \n 12 U.S.C. 5901 \n et seq. \n \n \n \n \n 2 \n \n Implementing the Guiding and Establishing National Innovation for US Stablecoins Act for the Issuance of Stablecoins by Entities Subject"},{"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":"only governs a subcategory of stablecoins, namely “payment stablecoins” as defined by the GENIUS Act, and a subcategory of actors in the payment stablecoin ecosystem, most critically for this rulemaking, PPSIs.\n 34 \n \n Thus, under the GENIUS Act, not all stablecoins are payment stablecoins and not all stablecoin issuers will be eligible to be PPSIs. Because the GENIUS Act framework is not yet in place, however, it is not determined which specific stablecoins will be payment stablecoins and which specific stablecoin issuers will be PPSIs. An understanding"},{"title":"Agency Information Collection Activities: Proposed Information Collection; Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers Subject to the Jurisdiction of the Office of the Comptroller of the Currency; Comment Request","type":"Notice","abstract":"The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a new information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is proposing a new information collection that would include weekly and quarterly reporting forms that must be completed by permitted payment stablecoin issuers and foreign payment stablecoin issuers. The OCC is seeking a new OMB control number for this information collection.","document_number":"2026-11856","html_url":"https://www.federalregister.gov/documents/2026/06/12/2026-11856/agency-information-collection-activities-proposed-information-collection-reporting-forms-and","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-06-12/pdf/2026-11856.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-11856.pdf?1781181917","publication_date":"2026-06-12","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":"but retained by a permitted payment stablecoin issuer (treasury stablecoins). If a customer redeems a stablecoin, a permitted payment stablecoin issuer may elect to pay the customer the par value of the stablecoin but not burn the stablecoin. Correspondingly, if a customer purchases a stablecoin from a permitted payment stablecoin issuer, the permitted payment stablecoin issuer may elect to sell the customer a stablecoin that the issuer had previously minted, rather than minting an entirely new stablecoin. One approach would be to treat all transactions"},{"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":"permitted payment stablecoin issuer or the issuer is a foreign payment stablecoin issuer that meets certain requirements.\n 12 \n \n The Act sets forth various regulatory and licensing requirements for permitted payment stablecoin issuers and foreign payment stablecoin issuers. In many instances, the Act states that the specific requirements applicable to these entities (\n e.g., \n those related to capital, liquidity, operational risk management), shall be set forth by regulations issued by the relevant primary Federal payment stablecoin regulator,"},{"title":"Forms and Procedures for Review of State Certifications by the Stablecoin Certification Review Committee","type":"Rule","abstract":"The Department of the Treasury is issuing this interim final rule on behalf of the Stablecoin Certification Review Committee (Committee). The Committee is adopting interim procedural regulations and forms to implement its responsibilities under section 4(c) of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act or the Act). The regulations set out a process to facilitate the Committee's approval or denial of certifications submitted by State payment stablecoin regulators under section 4(c)(4) of the GENIUS Act, and prescribe the form of such certifications. This interim final rule will ensure that interim forms and procedural regulations are in place to facilitate submission of certifications by the effective date of the GENIUS Act, and the Committee intends to revise these forms and procedural regulations, as appropriate, following consideration of comments.","document_number":"2026-19966","html_url":"https://www.federalregister.gov/documents/2026/09/30/2026-19966/forms-and-procedures-for-review-of-state-certifications-by-the-stablecoin-certification-review","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-09-30/pdf/2026-19966.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-19966.pdf?1790685913","publication_date":"2026-09-30","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":"regarding payment stablecoins; (ii) any regulations regarding payment stablecoins or that apply to a State qualified payment stablecoin issuer issued by a State payment stablecoin regulator of the State or another regulator of the State; and (iii) any interpretations or guidance thereunder, only to the extent they are enforceable against State qualified payment stablecoin issuers.\n 14 \n \n \n \n \n 14 \n 91 FR 16844, 16847.\n \n \n \n State qualified payment stablecoin issuer. \n The Committee defines the term “State qualified payment stablecoin issuer” to"},{"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":"is a primary Federal payment stablecoin regulator with respect to a FICU or FICU subsidiary.\n 3 \n \n As a primary Federal payment stablecoin regulator, the GENIUS Act provides authority for the NCUA to approve and license issuance of payment stablecoins through FICU subsidiaries,\n 4 \n \n establish regulations for issuing payment stablecoins,\n 5 \n \n and examine for and enforce applicable requirements imposed on FICU subsidiaries.\n 6 \n \n The GENIUS Act also confers authority related to standards for custody of payment stablecoin reserves.\n 7 \n \n The"},{"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 payment stablecoin regulators \n 3 \n \n and the Department of Treasury, to implement regulations to carry out the Act's requirements in establishing a Federal payment stablecoin regulatory framework for supervised entities.\n 4 \n \n The FDIC is the primary Federal payment stablecoin 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 payment stablecoin regulators are the FDIC,"},{"title":"Agency Information Collection Activities: Proposed Information Collection; Comment Request; Applications for Licensing or Registration To Issue Payment Stablecoins Under the GENIUS Act","type":"Notice","abstract":"The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is proposing a new information collection to comply with the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act or the Act) requirement for entities seeking to issue payment stablecoins in the United States. The OCC is seeking a new OMB control number for this information collection.","document_number":"2026-15088","html_url":"https://www.federalregister.gov/documents/2026/07/27/2026-15088/agency-information-collection-activities-proposed-information-collection-comment-request","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-07-27/pdf/2026-15088.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-15088.pdf?1784897112","publication_date":"2026-07-27","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":"than a permitted payment stablecoin issuer (PPSI) from issuing payment stablecoins in the United States. Further, the Act prohibits a foreign payment stablecoin issuer from offering, selling, or otherwise making available in the United States a payment stablecoin unless, among other conditions, the foreign payment stablecoin issuer is registered with the OCC.\n \n \n \n 1 \n 12 U.S.C. 5901 \n et seq. \n \n \n The proposed rule sets out the process by which entities may seek OCC approval to become a PPSI or for foreign payment stablecoin issuers to register"},{"title":"Reporting Forms and Instructions Associated With Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers","type":"Notice","abstract":"The FDIC invites comment on new forms and instructions associated with an Office of Management and Budget (OMB) control number (3064-0225) assigned in connection with a notice of proposed rulemaking. In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the FDIC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid OMB control number. As part of the notice of proposed rulemaking, the FDIC sought a new OMB control number for a new information collection that would include weekly and quarterly reporting forms that must be completed by permitted payment stablecoin issuers.","document_number":"2026-14589","html_url":"https://www.federalregister.gov/documents/2026/07/20/2026-14589/reporting-forms-and-instructions-associated-with-requirements-and-standards-for-fdic-supervised","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-07-20/pdf/2026-14589.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-14589.pdf?1784292316","publication_date":"2026-07-20","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 largest holders of the payment stablecoin, largest exchanges facilitating trading of the payment stablecoin, trading volume of the payment stablecoin, top counterparties of a PPSI, and ongoing capital requirement for the PPSI. \n Schedule B—Issuance and Redemption \n Schedule B would collect information on outstanding issuance values of payment stablecoins, issuances and redemptions of the payment stablecoins over the reporting period, and information on secondary market price and trading activity for payment stablecoins. \n Schedule C—Reserve Assets"},{"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":"rulemaking.\n \n \n IV. Stablecoin Ecosystem \n \n The GENIUS Act only governs a subcategory of stablecoins, namely “payment stablecoins” as defined by the GENIUS Act, and a subcategory of actors in the payment stablecoin ecosystem, most critically for this rulemaking, PPSIs.\n 29 \n \n Thus, under the GENIUS Act, not all stablecoins are payment stablecoins and not all stablecoin issuers will be eligible to be PPSIs. Because the GENIUS Act framework is not yet in place, it is not yet determined which specific stablecoins will be payment stablecoins and which specific"},{"title":"Application Procedures for Board-Supervised Insured Depository Institutions Seeking Approval for a Subsidiary To Issue Payment Stablecoins","type":"Proposed Rule","abstract":"The Board of Governors of the Federal Reserve System (Board) proposes to issue regulations that would establish procedures to be followed by an insured State member bank that seeks to obtain Board approval for a subsidiary to issue payment stablecoins pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).","document_number":"2026-19899","html_url":"https://www.federalregister.gov/documents/2026/09/29/2026-19899/application-procedures-for-board-supervised-insured-depository-institutions-seeking-approval-for-a","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-09-29/pdf/2026-19899.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-19899.pdf?1790599519","publication_date":"2026-09-29","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":"the term payment stablecoin does not include a digital asset that is a national currency, a deposit, or a security. 12 U.S.C. 5901(22)(B).\n \n \n II. Background and Legal Authority \n \n Under the GENIUS Act, subject to certain exceptions, only a permitted payment stablecoin issuer (PPSI) may issue payment stablecoins in the United States.\n 4 \n \n A PPSI is a person formed in the United States that is (i) a subsidiary of an insured depository institution that has been approved to issue payment stablecoins by its primary Federal payment stablecoin regulator;"},{"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 payment stablecoin 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 payment stablecoin regulator; (2) a Federal qualified payment stablecoin issuer approved by the OCC; or (3) a State-qualified payment stablecoin issuer approved by its State payment stablecoin regulator.\n 9 \n \n With respect to a PPSI that is a subsidiary of an IDI, the PPSI's primary Federal payment stablecoin regulator is the same as the IDI's appropriate"},{"title":"Implementing the Federal Reserve Board's Responsibilities Under the GENIUS Act","type":"Proposed Rule","abstract":"The Board of Governors of the Federal Reserve System (Board) proposes to issue regulations to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) with respect to Board-supervised permitted payment stablecoin issuers (PPSIs) and certain other entities that are subject to the Board's jurisdiction. In addition, the Board proposes to issue regulations to implement the prohibition on tying in section 4(a)(8) of the GENIUS Act, which is applicable generally to all PPSIs.","document_number":"2026-19860","html_url":"https://www.federalregister.gov/documents/2026/09/29/2026-19860/implementing-the-federal-reserve-boards-responsibilities-under-the-genius-act","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-09-29/pdf/2026-19860.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-19860.pdf?1790599514","publication_date":"2026-09-29","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":"potential overlap created by inclusion of territories in both definitions by defining “foreign payment stablecoin issuers” to exclude “permitted payment stablecoin issuers.” Therefore, if a payment stablecoin issuer is a “permitted payment stablecoin issuer” because it is a “State-qualified payment stablecoin issuer” that is legally established under the laws of a territory of the United States then by definition it cannot be a “foreign payment stablecoin issuer.”\n \n \n \n State-chartered depository institution. \n The Board is proposing to define the"},{"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":"eligible State qualified payment stablecoin issuers; however, in some States, State law may also permit certain uninsured depository institutions or other types of State-chartered entities to issue payment stablecoins. Nonbank entities that opt for a Federal charter are regulated by the OCC.\n 13 \n \n Additionally, absent a waiver, State qualified payment stablecoin issuers that are nonbank entities transition to regulation by the OCC, in coordination with the State payment stablecoin regulator, once the issuer has a payment stablecoin with a consolidated"}]}