Key insight: The Federal Deposit Insurance Corp. Tuesday issued a proposed rule that would set up a process for banks to issue payment stablecoins, pursuant to the recently-passed GENIUS Act stablecoin legislation.Supporting data: Under the proposed rule, bank applications to issue stablecoins would be automatically approved after 120 days of inaction.Forward look: Acting FDIC Chair Travis Hill says the agency will continue to issue implementing regulations, including forthcoming capital and liquidity stand ...

TRUMP: 🇺🇸 "The Golden Age of America is upon us, with today's signing."President Trumps signs the Genius Act signaling the first of Stablecoin legislation. https://t.co/JD2TtV0p9b ...