GENIUS Act

legislation

Last mentioned: Apr 8, 2026

Timeline

  1. Detailed Clarification

    Cointelegraph elaborates on FDIC's exclusion of stablecoin holders from deposit insurance

  2. Initial Proposal Announcement

    Decrypt reports FDIC's proposed rules establishing oversight for stablecoin issuers under the GENIUS Act

  3. Public Comment Period

    Industry stakeholders provide feedback on affiliate reward restrictions and yield bans.

  4. OCC Proposal Released

    The OCC formalizes the proposal to implement the GENIUS Act and bar stablecoin yields.

  5. CLARITY Act Vote

    Legislators move toward a final vote on the Clarity for Payment Stablecoins Act following regulatory alignment.

Stories mentioning GENIUS Act 2

regulation Neutral

FDIC's 2026 Rules Exclude 100% of Stablecoin Holders

The FDIC's proposed rules under the GENIUS Act introduce federal oversight for stablecoin issuers, excluding holder insurance to align with regulatory texts, potentially reshaping corporate compliance strategies. For legal professionals in RegTech, this highlights evolving frameworks that demand deeper analysis of conflicts between financial laws and crypto innovations. It underscores the need for firms to adapt advisory services amid increasing regulatory scrutiny.

2 sources
regulation Neutral

OCC Proposes Yield Ban on Stablecoins to Clear Path for CLARITY Act

The OCC has proposed new rules implementing the GENIUS Act, which would prohibit yield on payment stablecoins and crack down on affiliate reward programs. This move is designed to resolve the long-standing 'security vs. currency' debate and accelerate the passage of the CLARITY Act.

2 sources