FDIC Schedules April 7 Board Meeting to Draft GENIUS Act Stablecoin Rules

The FDIC has set a board meeting for April 7 to advance rulemaking that would spell out how FDIC-supervised banks and their subsidiaries can issue permitted payment stablecoins under the GENIUS Act. The agenda also includes anti-money laundering standards and a final rule on regulators’ use of “reputation risk.” In parallel, the CLARITY Act is moving toward a Senate Banking Committee markup in the second half of April, with lawmakers warning delays past May could stall crypto legislation for years.