XBRL US has responded to the National Credit Union Administration’s (NCUA) proposals for stablecoin issuance under the GENIUS Act with a recommendation that should be uncontroversial: if a new class of financial instrument is going to be reported on, it should be reported digitally, from the very first filing.
XBRL US has responded to the Federal Deposit Insurance Corporation’s (FDIC) second Notice of Proposed Rulemaking on requirements for FDIC-supervised permitted payment stablecoin issuers under the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act).
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