FDIC Schedules April 7 Board Meeting to Advance GENIUS Act Stablecoin Rules
The FDIC scheduled an April 7 board meeting to advance GENIUS Act stablecoin rules, including prudential standards for bank-issued payment stablecoins and a reputation risk ban.
FDIC Schedules April 7 Board Meeting to Advance GENIUS Act Stablecoin Rules The FDIC scheduled an April 7 board meeting to advance GENIUS Act stablecoin rules, including prudential standards for bank-issued payment stablecoins and a reputation risk ban. Aaron Rafferty April 03, 2026 Key Takeaways: The FDIC scheduled an April 7 board meeting with agenda items including a new notice of proposed rulemaking on GENIUS Act requirements and standards for FDIC-supervised payment stablecoin issuers. The meeting also includes a final rule banning the use of "reputation risk" as a basis for regulatory action, directly addressing the crypto banking access barriers that kept banks from engaging with digital assets. The GENIUS Act, signed into law July 18, 2025, established the first federal framework for payment stablecoins. The FDIC's first NPR on application procedures was issued December 16, 2025, with a comment period extended to May 18, 2026. The FDIC scheduled an April 7 board meeting that includes a notice of proposed rulemaking on GENIUS Act requirements and standards for FDIC-supervised permitted payment stablecoin issuers. The agenda also covers AML/CTF program updates and a final rule prohibiting the use of "reputation risk" by regulators, a move that directly removes one of the primary barriers banks cited for refusing to serve crypto companies. This is the second GENIUS Act NPR. The first , issued December 16, 2025, established application procedures for bank subsidiaries seeking to become permitted payment stablecoin issuers. The comment period was extended to May 18, 2026. This second NPR addresses the harder questions: capital requirements, liquidity standards, reserve asset diversification, and risk management frameworks that banks must meet before issuing stabl