FDIC Wants Stablecoin Issuers to Follow Old Crime Rules
Published Date: 6/5/2026
Proposed Rule
Summary
The FDIC is proposing new rules to make sure stablecoin companies they supervise follow important money safety and anti-crime laws. These rules affect stablecoin issuers and aim to keep digital payments safe and legal. Comments on the proposal are open until August 4, 2026, so the public can weigh in before the rules become final.
Analyzed Economic Effects
6 provisions identified: 2 benefits, 2 costs, 2 mixed.
PPSIs must follow BSA and sanctions rules
FDIC-supervised permitted payment stablecoin issuers (PPSIs) would be required to comply with applicable Bank Secrecy Act and sanctions regulations at 31 CFR Chapter V and 31 CFR Chapter X, including maintaining AML/CFT programs, economic sanctions programs, reporting requirements, and customer identification programs as described in proposed Sec. 350.6(d). The proposal references related FinCEN and OFAC proposed rules issued April 10, 2026 that would treat PPSIs as financial institutions under the BSA and require effective sanctions compliance and CIP obligations.
PPSIs allowed to share non-public AML info with FinCEN
The proposed rule would authorize PPSIs to share with the FinCEN Director non-public supervisory information that relates to an existing or potential AML/CFT enforcement action or significant AML/CFT supervisory action. The FDIC proposes two options: (1) authorize disclosure on the FDIC's behalf and permit FinCEN to use the information, or (2) authorize disclosure on the FDIC's behalf but require PPSIs to contemporaneously disclose the same information to the FDIC (proposed Sec. 350.203).
Recordkeeping and disclosure paperwork burden estimates
The FDIC estimates recordkeeping and reporting burdens for the proposed information collections: implementation burden of 40 hours per PPSI in year one (table: 10 respondents × 40 hours = 400 hours) and ongoing annual burdens (table: 20 respondents × 10 responses × 1 hour = 200 hours). The FDIC estimated an implementation labor compensation rate of $112.31/hour, yielding a total estimated implementation cost of approximately $45,000 if 10 PPSIs implement, rising to approximately $135,000 if 30 PPSIs implement; ongoing annual costs under 30 PPSIs are estimated at about $34,000 per year.
Compliance reduces enforcement risk
Under proposed Sec. 350.201, a PPSI that has established an effective AML/CFT program would generally not be subject to an AML/CFT enforcement action or a significant AML/CFT supervisory action based on the program requirements issued by FinCEN, except in the case of a significant or systemic failure to implement an effective program.
FDIC must consult FinCEN before enforcement
Before initiating an AML/CFT enforcement action or significant AML/CFT supervisory action, the FDIC would provide the Director of FinCEN at least 30 days' written notice and relevant AML/CFT information, unless a shorter period is necessary at the FDIC's sole discretion to remedy, prevent, or respond to an unsafe or unsound practice or condition (proposed Sec. 350.202).
FDIC certifies limited impact on small entities
The FDIC certifies, under the Regulatory Flexibility Act analysis, that the proposed rule would not, if promulgated, have a significant economic impact on a substantial number of small entities; the Small Business Administration defines a small banking organization as having total assets of $850 million or less.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2025-21626 — Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies
Big U.S. banks that are super important to the economy are getting new rules to keep them safer and stronger. These changes tweak how much money they must keep on hand and how they handle long-term debt, helping prevent financial trouble. The new rules kick in soon and could affect how these banks manage billions in assets and debt.
2026-10066 — Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
The FDIC wants to renew its paperwork rules for businesses that provide services to banks. They’re asking for your thoughts on the current forms and info they collect, with no big changes or extra costs expected. If you want to speak up, make sure to send your comments by June 22, 2026!
2026-09064 — Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager
The FDIC just updated its list of banks it’s taking over because they closed, including Community Bank and Trust in Georgia as of May 1, 2026. If you had money or business with these banks, the FDIC is now in charge to handle things smoothly. This update helps everyone know which banks are in receivership and what’s next for customers and creditors.
2026-08792 — Notice to All Interested Parties of Intent To Terminate Receiverships
The FDIC is wrapping up its work with two banks, America West Bank and Washington Federal Bank for Savings, and plans to officially end their receiverships in about 30 days. This means all assets are sold, final payments to creditors are coming, and the receiverships won’t continue because they’re no longer needed. If anyone wants to share thoughts, they have 30 days to write in before the shutdown happens.
2026-08793 — Notice of Termination of Receiverships
The FDIC has officially closed the receivership for Silver Falls Bank in Silverton, Oregon, as of May 1, 2026. This means all the bank’s affairs are wrapped up, all money owed has been paid out, and the receivership no longer exists. If you had business with this bank, the process is complete and no further actions are needed.
2026-08298 — Regulatory Capital Rule: Community Bank Leverage Ratio Framework
Starting July 1, 2026, community banks get a break! The minimum leverage ratio drops from 9% to 8%, making it easier for smaller banks to meet rules. Plus, banks can now stay in this easier framework longer—up to four straight quarters instead of two—helping them manage their money better without rushing.
Previous / Next Documents
Previous: 2026-11336 — Fisheries of the Caribbean, Gulf of America, and South Atlantic; Shrimp Fishery of the Gulf of America; Amendment 19
The Gulf shrimp fishery is keeping its permit freeze for 10 more years to stop too many boats from fishing and protect shrimp populations. This means no new commercial shrimp permits will be issued after October 26, 2026, helping keep the shrimp business steady and fair. Fishermen and businesses in the Gulf should share their thoughts by August 4, 2026, before the rule is finalized.
Next: 2026-11343 — Trump Accounts; Hearing
The IRS is holding a public hearing on July 16, 2026, about new rules for opening Trump accounts. People interested in speaking must submit their topics by June 15, or the hearing gets canceled. These changes could affect how certain accounts are managed and reported, so stay tuned for updates that might impact your money and taxes.