FDIC Breaks Silence: First GENIUS Act Rules Arriving This Month
- Travis Hill, the acting chair of the FDIC, said that the first set of rules for the GENIUS Act will be suggested in December 2025.
- The first rules will only be about the “application process” for banks that want to issue stablecoins.
- This is the official link between the world of traditional banking and the world of cryptocurrencies, as required by law.
Let’s be honest for a moment. The stablecoin market has felt like a high-stakes poker game for a long time, where we weren’t sure if everyone had the chips they said they did. But today, December 2025, the game has changed.
The GENIUS Act (Guiding and Establishing National Innovations for U.S. Stablecoins Act), which President Trump signed in July, is finally going from “paperwork” to “action.”
The news we’ve been waiting for has finally come: Travis Hill, the acting chairman of the FDIC, just said that the first real rules will be released this month.
Take a breath if you thought you would get a 500-page rulebook overnight. The FDIC is starting with the basics. Hill says that the proposal that will be made this December is all about how to apply.
It’s like getting a driver’s license. You need to know which forms to fill out, who to send them to, and what the test looks like before you can drive the car (issue a stablecoin).
“The most immediate-term proposal we’re going to issue is one that sets up an application process, which is something that’s required under the statute.” — Travis Hill, Acting FDIC Chair
The FDIC isn’t the only one doing this. They are working with the Federal Reserve and other groups to finish building the rest of the house. The “Prudential Standards” will come after this application rule.
- How much money the bank needs to keep safe is called its capital requirements.
- Liquidity: Will they give you your money back right away if you ask for it?
- Risk Management: Do they know what to do if things go wrong?
