Latest News
FDIC Eyes Stablecoin Issuers Under GENIUS Act
FDIC moved Tuesday to set GENIUS Act rules for bank-supervised stablecoin issuers, clarifying token holders are not covered by deposit insurance.
FDIC Set to Vote on Bank Stablecoin Rules
FDIC will vote April 7 on bank stablecoin rules, setting capital, redemption and safety standards ahead of the GENIUS Act's July 18 deadline.
GENIUS Act Rulemaking Begins at Treasury
Treasury has begun GENIUS Act rulemaking, opening comments on how smaller state-qualified stablecoin issuers fit under federal oversight.
FDIC Chair Travis Hill Warns GENIUS Stablecoin Rules Leave No Path to Deposit Insurance
FDIC chair Travis Hill says GENIUS stablecoin rules allow no FDIC deposit insurance, even pass-through, urging firms to stop implying coverage for users.
US Treasury Report Acknowledges Crypto Mixers’ Legitimate Privacy and Security Uses
US Treasury report to Congress says crypto mixers have legitimate privacy and security uses, not just money laundering, amid GENIUS stablecoin push.
GENIUS Act’s CBDC Ban May Be a Mirage—Critics Say It Enables Stablecoin Surveillance
Critics warn the GENIUS Act bans a Fed CBDC but expands stablecoin rules that allow monitoring, freezing and reporting, enabling mass dollar surveillance.
OCC Proposal Targets Stablecoin Yield Rules, Potentially Unblocking CLARITY’s Path Forward
OCC unveils 376-page GENIUS Act proposal restricting yield on payment stablecoins, aiming for enforceable rules that may clear the way for CLARITY in Congress.
Bank of Korea Urges Bank-Led Won Stablecoin Rollout as South Korea’s Stablecoin Bill Stalls
Bank of Korea urges a bank-led won stablecoin rollout via consortium and interagency approval, warning loose issuance could hit FX and stability as bill stalls
BitGo Named Issuer for FYUSD Dollar-Backed Stablecoin, Targeting U.S.-Aligned Infrastructure and Asian Institutions
BitGo will issue and custody FYUSD via BitGo Bank, pitching a GENIUS Act-aligned dollar stablecoin for Asian institutions and compliant mint/redemption plumbing.
ProShares Launches IQMM, a GENIUS Act–Aligned Money Market ETF Built for Stablecoin Reserve Managers
ProShares launches IQMM, a GENIUS Act-aligned money market ETF for stablecoin reserve managers seeking yield, liquidity and cash-like reserves under US rules.