The FDIC appears to be establishing standards for banks that issue stablecoins under the GENIUS Act framework. These rules would likely govern capital requirements and permitting procedures for banks offering digital currency services.
Plain language summary generated by AI · Civitics
Regulatory Capital: Regulatory Capital and Standardized Approach for Risk-Weighted Assets
Regulatory Capital: Category I and II Banking Organizations, Banking Organizations with Significant Trading Activity, and Optional Adoption for Other Banking Organizations
Anti-Money Laundering and Countering the Financing of Terrorism Programs
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