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FDIC Proposes GENIUS Act Application Process for IDI Subsidiary Stablecoin Issuers
On December 16, 2025, the Federal Deposit Insurance Corporation (“FDIC”) Board of Directors issued a proposal (the “NPRM”) to implement the application-related provisions of the Guiding and Establishing National Innovation for US Stablecoins Act (the “GENIUS Act”) for subsidiaries of FDIC-supervised insured depository institutions (“IDIs”)….
By: Mayer Brown