Data / Federal rules / 2026-09915
Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the National Credit Union Administration
The National Credit Union Administration published this proposed rule in the Federal Register on May 18, 2026. Comments closed on July 17, 2026.
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What the agency says
The NCUA Board (Board) is seeking comment on proposed regulations to implement portions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The GENIUS Act charges the NCUA with licensing, regulating, and supervising Payment Stablecoin issuers that are subsidiaries of federally insured credit unions (FICU subsidiaries). In February 2026, the NCUA issued proposed regulations to govern investments in and licensing of permitted payment stablecoin issuers subject to the NCUA's jurisdiction. This current proposal supplements the previous proposal and would govern the issuance of Payment Stablecoins and certain related activities by entities subject to the NCUA's jurisdiction. This proposal would also make amendments to address share insurance coverage, tokenized shares, and other conforming and clarifying amendments.
Key facts
- Document number
- 2026-09915
- Type
- Proposed rule
- Action
- Supplemental proposed rule
- Agency
- National Credit Union Administration
- Published
- May 18, 2026
- Comments due
- July 17, 2026
- Dates
- Comments must be received by July 17, 2026.
- Regulation ID (RIN)
- 3133-AG10
- Code of Federal Regulations
- 12 CFR 702; 12 CFR 704; 12 CFR 706; 12 CFR 745; 12 CFR 747
- Topics
- Accounting; Administrative practice and procedure; Advertising; Claims; Credit; Credit unions; Crime; Equal access to justice; Investigations; Investments; Lawyers; Penalties; Reporting and recordkeeping requirements; Surety bonds
- Pages
- 80
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|---|---|---|
| Notification to Members/Shareholders 2026-21512 | Proposed rule | Oct 21 |
| Nonconforming Investment Special Reserve 2026-21509 | Proposed rule | Oct 21 |
| Conversion to State-Chartered Credit Union 2026-21508 | Proposed rule | Oct 21 |
| Central Liquidity Facility 2026-21089 | Proposed rule | Oct 15 |
| Powers of Federal Credit Unions 2026-21088 | Proposed rule | Oct 15 |
| Corporate Credit Unions; Fidelity Bond and Insurance Coverage for Federally Insured Credit Unions 2026-21087 | Proposed rule | Oct 15 |
| Limits on Loans to Other Credit Unions 2026-16035 | Final rule | Aug 6 |
| Chartering and Field of Membership for Federal Credit Unions-Interpretive Ruling and Policy Statement 08-2 2026-16031 | Final rule | Aug 6 |
Everything from the National Credit Union Administration · Rules on accounting · Rules on administrative practice and procedure · Rules on advertising · Published in May 2026
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.