Stablecoin issuers get closer to U.S. federal rules with FDIC's new proposal

The Federal Deposit Insurance Corp. approved a proposed rule to govern the issuers, even as the Senate continues to debate GENIUS Act details. What to know : The Federal Deposit Insurance Corp. followed the Office of the Comptroller of the Currency in proposing how to regulate stablecoin issuers under last year's GENIUS Act. This is the second FDIC proposal on GENIUS Act implementation, but it emerges as lawmakers in the Senate are discussing potential changes to the law's treatment of stablecoin yield.