Application Procedures for Board-Supervised Insured Depository Institutions Seeking Approval for a Subsidiary To Issue Payment Stablecoins — 2026-09-29 [2026-19899]

Board of Governors of the Federal Reserve System. The Board of Governors of the Federal Reserve System (Board) proposes to issue regulations that would establish procedures to be followed by an insured State member bank that seeks to obtain Board approval for a subsidiary to issue payment stablecoins pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). Comments must be received by the Board on or before November 30, 2026. You may submit comments, identified by Docket No. R-1900 and RIN 7100-AH30, by any of the following methods: Comments received are subject to public disclosure. In general, comments received will be made available on the Board's website at https://www.federalreserve.gov/​apps/​proposals/​ without change and will not be modified to remove personal or business information including confidential, contact, or other identifying information.