FDIC approves stablecoin, AML, and reputation-risk rulemaking at April 7 board meeting

The FDIC Board approved a package of rulemaking on April 7, 2026 that includes a proposal to implement GENIUS Act requirements for stablecoins, a separate AML/CFT proposal and a final rule removing reputation risk from supervision.

The agency’s open-meeting notice listed all three items for board action. Later releases from the FDIC said the board approved the stablecoin notice of proposed rulemaking and issued the AML/CFT proposal for public comment the same day.

Under the stablecoin proposal, the FDIC said it would set requirements and standards for FDIC-supervised permitted payment stablecoin issuers and insured depository institutions. The proposal would cover reserve assets, redemption timing, capital, risk management, custody and tokenized deposits.

The FDIC said comments on the proposal will be accepted for 60 days after publication in the Federal Register.

The board also approved a final rule that prohibits regulators from using reputation risk in supervision, a change the agency has been signaling for weeks.

Taken together, the actions show the FDIC moving from discussion to formal rulemaking on a set of issues that could affect both bank oversight and the future structure of stablecoin issuance in the U.S.