ICBA, others request extension for comments on FDIC stablecoin rule
January 21, 2026 / By ICBA
ICBA and other groups requested an extension of the comment period for the FDIC’s proposed rulemaking on the GENIUS Act.
Details: In a letter to the FDIC, ICBA and the other groups said stakeholders need sufficient time to consider how the agency’s proposed rule would interact with the GENIUS Act’s complex and novel regulatory framework for payment stablecoins.
Background: The FDIC last month issued a proposed rule that would implement the application provisions under the GENIUS Act. The proposed rule would establish procedures for the agency to accept and process payment stablecoin issuer applications from FDIC-supervised banks.
Recent ICBA Advocacy: ICBA in November sent key principles for payment stablecoin supervision in a letter to the Treasury Department regarding implementation of the GENIUS Act.
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