FDIC is seeking to ban stablecoin deposit insurance under the GENIUS Act and has invited public comments on pass-through coverage rules.

FDIC Chair Travis Hill is proposing that stablecoins should not get any form of insurance as the regulator moves to implement the GENIUS Act.

FDIC Chair Travis Hill said that the agency has been ”hard at work on rulemakings” to implement the stablecoin payments bill, the GENIUS Act, signed into law in July 2025.

Payment stablecoins subject to the Genius Act are not eligible for pass-through insurance, FDIC Chairman Travis Hill says.

FDIC says stablecoin holders will not qualify for federal deposit insurance under new US rules, leaving digital dollar users ...

Payment stablecoin holders won’t be eligible for federal deposit insurance even if their assets are held at insured banks, the federal regulator charged with overseeing the bank backstop said.

FDIC chief says stablecoins will not qualify for deposit insurance under the GENIUS Act, including pass-through coverage.

WASHINGTON — Sen. Pat Toomey, R-Pa., is pressing the Federal Deposit Insurance Corp. on its stance toward banks involvement in cryptocurrency, questioning if the agency is "improperly" deterring banks ...

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Recent events at the US Federal Reserve signal acceptance of digital assets at the highest levels of the country’s monetary system. Kraken recently became the first crypto exchange to receive a master ...