"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."