Federal ReserveLicensingSeptember 29, 2026

Fed Proposes Rules to Regulate Stablecoin Issuers Under the GENIUS Act

The Federal Reserve is proposing regulations to implement the GENIUS Act for Fed-supervised permitted payment stablecoin issuers (PPSIs) and related entities, including a prohibition on tying arrangements applicable to all PPSIs. Compliance officers at stablecoin issuers supervised by the Fed — including bank subsidiaries and affiliates — need to understand how these rules will govern their operations, capital, and business practices.

What to do

Review the proposed rule text once published in the Federal Register, assess whether your entity qualifies as a PPSI under the GENIUS Act, and begin gap analysis against the proposed requirements including the tying prohibition.

Who this affects

Bank / Credit UnionTrust CompanyCrypto CustodianCrypto ExchangeOther

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Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

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