ABA, associations seek extension of comment period for FDIC’s Genius Act implementation
By ABA Banking Journal Staff
AI Summary
The ABA and four other associations have requested an extension of the comment period for the FDIC's proposal on issuing stablecoins through a subsidiary. This request aims to allow more time for stakeholders to provide feedback.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities and is focused on a federal proposal that applies nationwide.
Original Content
ABA joined four other associations to request that the FDIC push back the deadline for comment on its proposal to create a process through which banks can seek agency approval to issue stablecoins through a subsidiary. The post ABA, associations seek extension of comment period for FDIC’s Genius Act implementation appeared first on ABA Banking Journal .