"The National Credit Union Administration (NCUA) announced a Notice of Proposed Rule Making outlining the operational and risk management standards for an NCUA-licensed permitted payment stablecoin issuer, as outlined in the GENIUS Act. "This proposed rule supports my view that credit unions will face no disadvantage compared to other entities regarding standards" said NCUA Chairman Kyle Hauptman. The proposed rule is available for review in the Federal Register, where stakeholders will be able to submit comments that will close on July 17, 2026."

"The National Credit Union Administration (NCUA) announced a Notice of Proposed Rule Making outlining the framework for applicants seeking NCUA approval to become a permitted payment stablecoin issuer, as outlined in the GENIUS Act. “This proposed rule is the first step in NCUA’s implementation of the GENIUS Act” said NCUA Chairman Kyle Hauptman. “We’re on track to meet the Congress’ July 18 deadline. Credit unions should be aware that they won’t be at a disadvantage versus other entities, whether in timing or standards.” The comment period on the proposed rule will close on April 13, 2026."

“Through a live webcast, the National Credit Union Administration Board held its seventh open meeting of 2022 and unanimously approved two items: A notice of proposed rulemaking on cyber incident notification requirements. A final rule to adjust the asset thresholds for assigning supervision of covered consumer credit unions to the Office of National Examinations and Supervision (ONES). The NCUA Board approved a proposed rule (opens new window) that would require a federally insured credit union (FICU) to notify the NCUA as soon as possible but no later than 72 hours after they reasonably believe that a reportable cyber incident has occurred. The NCUA Board approved a final rule(opens new window) that amends the NCUA’s regulations to change the $10 billion asset threshold for assigning federally insured credit unions to the Office of National Examinations and Supervision (ONES).”