[FDIC to Announce First Draft of GENIUS Act Stablecoin Issuance Regulation This Month] According to CoinDesk, Travis Hill, Acting Chairman of the U.S. Federal Deposit Insurance Corporation (FDIC), will state at a congressional hearing that the FDIC will release the first draft of the GENIUS Act implementation for federal regulatory application processes related to stablecoin issuance within this month. Additionally, it plans to propose follow-up regulatory requirements such as capital and liquidity standards early next year. Hill also mentioned that the FDIC is developing regulatory guidelines for tokenized deposits.