Daily Regulatory Briefing - Jun 5, 2026
TODAY'S BRIEFINGThe stablecoin regulatory architecture gained a new fault line Friday, as state regulators formally challenged Treasury's framework for assessing whether state oversight regimes meet GENIUS Act adequacy standards — a direct objection to what they characterize as an OCC-centric approach that would concentrate stablecoin supervision at the federal level. The challenge arrives the same day the FDIC's proposed Bank Secrecy Act and sanctions compliance rule for permitted payment stablecoin issuers (PPSIs) publishes in the Federal Register, formally opening the August 4, 2026…
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