FDIC Meeting on GENIUS Act Stablecoin Rules Expected to Advance Implementation

The Federal Deposit Insurance Corporation (FDIC) has called a board meeting on April 7 to discuss the implementation of the GENIUS Act, a federal framework for stablecoins. The meeting will focus on finalizing proposed rules for stablecoin issuers and anti-money laundering standards.

The GENIUS Act, signed into law by President Trump in July 2025, established a regulatory framework for stablecoins in the US. The FDIC, OCC, and Treasury are working together to finalize implementation rules by July 18, 2026, which is exactly one year after enactment. The law takes effect 120 days after those rules are finalized.

Meanwhile, the CLARITY Act, a broader bill covering crypto market structure, is moving towards its own deadline. A Senate Banking Committee markup is targeted for late April, and negotiations between lawmakers may be further along than publicly disclosed.