LexRegPulse Daily - Sep 25, 2026
Alex here. This is LexRegPulse Daily for Friday, September 25, 2026.
The Federal Reserve closed out the stablecoin rulebook this week. Every primary federal regulator — the OCC, the FDIC, the NCUA, and now the Fed — has a stablecoin proposal on the table. None has a final rule. For banks weighing whether to issue, the open question isn't regulatory uncertainty anymore. It's the calendar.
Here's the lead story. Thursday, the Fed proposed two rules under the GENIUS Act, covering how a state member bank or its subsidiary can issue a payment stablecoin. One sets reserve, capital, and safekeeping…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.