US banking regulators propose implementation rule for stablecoin issuers under GENIUS Act

19th June, 2026

Aravind Bulusu
federal reserve

US banking agencies proposed provisions under the Guiding and Establishing National and Innovation for US Stablecoins (GENIUS) Act to treat stablecoin issuers as financial institutions and require them to maintain an effective customer identification program (CIP).

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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