Article
Implementing The GENIUS Act: The FDIC Proposes Comprehensive Rulemaking Governing Payment Stablecoins Issuance
On April 7, 2026, the Federal Deposit Insurance Corporation
(FDIC) issued a notice of proposed rulemaking (the Proposal) to
implement key provisions of the Guiding and Establishing National
Innovation for U.S. Stablecoins Act (the GENIUS Act) applicable to
FDIC-supervised institutions, including permitted payment
stablecoin issuers (PPSIs) and insured depository institutions
(IDIs) engaged in related custodial or safekeeping services
Arnold & Porter