3133-AF69 202510 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3133 National Credit Union Administration NCUA Implementation of the GENIUS Act

The National Credit Union Administration Board (Board) intends to issue a notice of proposed rulemaking to implement the GENIUS Act. The GENIUS Act charges the NCUA with approving, regulating, and supervising payment stablecoin issuers that are subsidiaries of federally insured credit unions (FICUs). The GENIUS Act also requires the NCUA to issue implementing regulations by July 18th, 2026. These proposed regulations would implement the statutorily required process for licensure of permitted payment stablecoin issuers subject to the NCUA’s jurisdiction. The proposed regulations would also implement the standards and restrictions imposed by the GENIUS Act on permitted payment stablecoin issuers.

]]> Other Significant First Time Published in The Unified Agenda Proposed Rule Stage No No Not subject to, not significant Not Yet Determined 12 U.S.C. 5901 et seq. 12 U.S.C. 1766 and 1789 Statutory Final 07/18/2026 No NPRM 07/00/2026 Undetermined Federal State No No No Thomas Zells I. Senior Staff Attorney 3133 National Credit Union Administration NCUA 703 548-2478 703 518-8566 tizells@ncua.gov 1775 Duke Street, Alexandria VA 22314