FDIC’s GENIUS Act Stablecoin Plan Leads a Week of Crypto Business Moves
US regulators are moving toward clearer rules for bank-issued stablecoins. The FDIC proposed a framework under the GENIUS Act, outlining requirements for insured banks to issue payment stablecoins through subsidiaries. Banks would need FDIC approval and compliance with standards for issuance, reserves, and redemption. In corporate Bitcoin holdings, American Bitcoin has surpassed ProCap, now holding over 5,000 BTC worth about $452 million, reflecting intensifying corporate interest in Bitcoin accumulation. Meanwhile, Anchorage Digital has acquired Securitize’s RIA adviser platform, aiming to provide integrated custody and advisory services to institutional clients. On the sovereign front, Bhutan plans to use part of its substantial Bitcoin reserves to fund the Gelephu Mindfulness City economic project, balancing growth ambitions with capital preservation. These developments highlight ongoing efforts to formalize crypto regulation, corporate adoption, and state-led projects in the industry.
