The U.S. Federal Deposit Insurance Corporation (FDIC) is poised to take a decisive step in regulating the digital asset market, with acting chair Travis Hill announcing the agency will release its first major proposal for implementing the GENIUS Act before December concludes. This initial framework will establish how banks can seek approval to issue payment stablecoins, marking the beginning of a structured federal oversight regime that has been anticipated since the law’s passage in July.
about FDIC to Unveil GENIUS Act Rules for Stablecoin Issuers by Year-EndTravis Hill
0 posts last weekFDIC to Propose Stablecoin Rules Under GENIUS Act This Month
The U.S. Federal Deposit Insurance Corporation (FDIC) is poised to take a decisive step in cryptocurrency oversight, with acting chair Travis Hill set to announce a proposed framework for implementing stablecoin laws under the GENIUS Act later this month. This move signals the beginning of a structured federal regulatory approach to payment stablecoins, a rapidly growing segment of the digital asset market that has operated under significant regulatory uncertainty.
about FDIC to Propose Stablecoin Rules Under GENIUS Act This MonthFDIC Moves Toward Crypto Banking & Stablecoin Rules
The FDIC is preparing to clarify how deposit insurance applies to blockchain-based banking products and establish a framework for stablecoin issuance. Acting Chair Travis Hill announced the agency’s push for formal guidance amid growing confusion about digital asset protections. This regulatory clarity could reshape how traditional banking safeguards intersect with emerging financial technologies.
about FDIC Moves Toward Crypto Banking & Stablecoin RulesFDIC Plans Stablecoin Rules and Tokenized Deposit Insurance
The Federal Deposit Insurance Corporation is taking decisive steps to bring regulatory clarity to the digital asset space, with Acting Chair Travis Hill announcing plans for both a stablecoin application framework and forthcoming guidance on tokenized deposit insurance. These initiatives, revealed at the Federal Reserve Bank of Philadelphia’s Fintech Conference, represent a significant advancement in integrating traditional banking safeguards with emerging financial technologies, signaling the FDIC’s commitment to modernizing financial regulation while maintaining consumer protections.
about FDIC Plans Stablecoin Rules and Tokenized Deposit InsuranceFDIC Moves to Limit ‘Reputation Risk’ Banking Restrictions
The Federal Deposit Insurance Corporation is preparing to debate new rules that would restrict how regulators use ‘reputation risk’ assessments against banks, marking a potential turning point for cryptocurrency firms seeking mainstream banking access. Acting chair Travis Hill argues this vague regulatory label has been misused to block legitimate banking services, particularly affecting digital asset companies. This regulatory shift follows President Trump’s executive order addressing debanking practices and could significantly reshape banking relationships for the crypto industry.
about FDIC Moves to Limit 'Reputation Risk' Banking RestrictionsFDIC to Debate Debanking Rules After Trump Executive Order
The Federal Deposit Insurance Corporation’s board of directors is preparing to discuss proposed rules that could significantly reshape how regulators approach banking relationships with cryptocurrency firms. Acting Chair Travis Hill has signaled support for former President Donald Trump’s executive order targeting what he called ‘politicized or unlawful debanking activities,’ setting the stage for a pivotal debate over whether regulators have improperly used ‘reputation risk’ concerns to restrict banks from serving crypto clients, including blocking transfers to exchanges.
about FDIC to Debate Debanking Rules After Trump Executive OrderTrump Nominates Travis Hill as FDIC Chair, Crypto Advocate
President Donald Trump has formally nominated acting FDIC Chair Travis Hill to lead the banking regulator for a full five-year term, signaling potential continuity in the agency’s approach to digital assets. Hill, who has served as acting chair since January, has already established himself as a proponent of clearer crypto guidance and has pushed back against allegations of systematic debanking in the financial sector. His nomination now moves to the Senate Banking Committee for confirmation, where his regulatory philosophy toward digital assets and tokenization will likely face scrutiny.
about Trump Nominates Travis Hill as FDIC Chair, Crypto AdvocateFDIC Revises Crypto Banking Guidelines Amidst Regulatory Challenges and Transparency Efforts
The FDIC is set to revise its guidelines for banks involved in crypto activities, potentially allowing them to offer services like crypto custody and tokenized deposits without prior approval. Recent documents reveal that banks faced significant resistance from the FDIC when seeking to engage in crypto services, often leading to abandonment of such efforts due to regulatory pressure. Concerns over BTC volatility and consumer protection risks were cited as reasons for the FDIC’s cautious approach.
about FDIC Revises Crypto Banking Guidelines Amidst Regulatory Challenges and Transparency EffortsFDIC Reveals Documents on US Banks’ Withdrawal from Crypto Services
The FDIC has unsealed 175 documents revealing its restrictive approach towards banks engaging with crypto-related services, leading many to abandon such initiatives. Acting Chairman Travis Hill criticized the agency’s tactics, which included prolonged silence and directives to halt crypto activities, fostering a perception that the FDIC was unwelcoming to digital assets. This aligns with findings from a FOIA request by Coinbase, suggesting a systematic effort by the US government to undermine the digital assets industry.
about FDIC Reveals Documents on US Banks' Withdrawal from Crypto ServicesJerome Powell Supports Banks Serving Crypto Clients with Risk Management
Federal Reserve Chair Jerome Powell stated that banks can engage with crypto clients if they manage risks effectively, leading to a 3.3% rebound in Bitcoin prices. He acknowledged the regulatory challenges faced by the crypto industry and emphasized the need for a greater regulatory framework. Meanwhile, the FDIC’s interim Chair highlighted issues of crypto firms losing banking access, vowing to change the agency’s approach.
about Jerome Powell Supports Banks Serving Crypto Clients with Risk ManagementTrump Appoints Pro Crypto Officials to Key Regulatory Positions
Donald Trump has appointed several pro-crypto Republicans to key regulatory positions, including Caroline Pham as acting chair of the CFTC, who advocates for clearer crypto regulations. Mark Uyeda has been named acting chair of the SEC, pushing for a balanced regulatory framework. Despite these appointments, market reactions remain cautious due to Trump’s lack of mention of cryptocurrency in his inaugural address.
about Trump Appoints Pro Crypto Officials to Key Regulatory PositionsBitcoin rebounds to 94000 as Trump plans pro crypto executive orders
Bitcoin surged back to $94,000 as Donald Trump prepares to sign pro-crypto executive orders on his first day in office, potentially overturning key regulations like the SEC’s Staff Accounting Bulletin 121. This move aims to address banking restrictions and enhance crypto custody services, which have been hampered by current policies. The crypto market reacted positively, with Ethereum also recovering, signaling optimism for a more crypto-friendly regulatory environment under Trump’s administration.
about Bitcoin rebounds to 94000 as Trump plans pro crypto executive orders