FDIC Stablecoin Rules Must Respect State Authority and Address Issuer Risks
June 9, 2026 / Source: CSBS
June 9, 2026Washington, D.C. – In a comment letter, the Conference of State Bank Supervisors (CSBS) today recommended changes to the Federal Deposit Insurance Corporation’s (FDIC) proposed rule to implement the GENIUS Act. The proposed changes would better reflect state authority and address issuer risks. CSBS urged the FDIC to respect states’ inherent authority over state-chartered insured…