US Federal Deposit Insurance Corporation (FDIC) is preparing to announce the first comprehensive draft regulation for stablecoin issuers this month. The draft will provide a detailed roadmap for bringing stablecoins under federal control under the GENIUS Act, which became law at the beginning of the year. The development is considered to be the beginning of a new era in Washington to define the legal status of cryptocurrencies.
FDIC’s New Oversight Framework Takes Shape
FDIC Interim Chairman Travis Hillthe agency will submit the first draft directly to the House Financial Services Committee. explained. The draft will detail how stablecoin issuers will apply for federal oversight, what criteria they must meet, and how they will be included in the scope of supervision. Hill stated that the regulatory proposal regarding the application framework will be published before the end of the month.
Hill also stated that new financial standards, which are expected to come into force at the beginning of 2026, are on the way. These standards stablecoin issuersIt will reshape ‘s capital adequacy, liquidity management and reserve policies. GENIUS ActWith the entry into force of , it is aimed to put the use of stablecoins on a legal basis and to clarify the sharing of responsibilities between federal and state institutions.
The new draft will be opened to public comment and will be finalized after a review period that will last several months. The implementation will come into force gradually and companies will be given a transition period to adapt to the new obligations.
Separate Regulation for Tokenized Deposits is on the Way
The FDIC’s work will not be limited to stablecoins. Hill explained that the institution is working on separate guidance regarding tokenized deposits. The study is carried out in line with the recommendations of the Presidential Digital Asset Markets Working Group. The group in question emphasized the need for clarity in the oversight of tokenized banking products.
Vice Chairman of the Federal Reserve Michelle BowmaHe also announced that the Fed is preparing regulations that include capital and diversification standards for stablecoin issuers. CFTC has launched a new program that allows the use of tokenized collateral, including stablecoins, in US derivatives markets.
