🚨JUST IN : FDIC APPROVES GENIUS ACT RULE - BANKS CLEARED FOR STABLECOINS & BITCOIN CUSTODY 🇺🇸

The Federal Deposit Insurance Corporation (FDIC) has taken a significant step by approving a rule to implement the GENIUS Act. This move signifies a major shift towards integrating digital assets into the U.S. banking system.

Banks are now able to issue payment stablecoins through their subsidiaries. However, it's important to note that these stablecoins are not considered FDIC-insured deposits. Tokenized deposits will be treated similarly to traditional deposits, with a 1:1 reserve requirement backed by cash or T-bills, accompanied by monthly audits.

Furthermore, a formal custody framework for digital assets like Bitcoin has been established, allowing major institutions such as JPMorgan and BNY Mellon to accelerate their crypto services. This development is not about banks purchasing Bitcoin directly but rather about building the necessary infrastructure for others to participate.

The Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 122 has also removed significant balance sheet friction, enabling smoother integration. The 60-day comment period is open until approximately June 6, 2026, with full implementation expected by late 2026 or early 2027.

This isn't just banks buying Bitcoin - it's about creating pathways for broader access. The market hasn't priced this in yet.