Camille H. Blum, Katherine E. Di Lucido, Charles C. Gray, Zachary K. Goldman and Jordan M.H. Wish

Sullivan & Cromwell Discusses GENIUS Act Implementation

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On April 7, the Federal Deposit Insurance Corporation (the “FDIC”) issued a notice of proposed rulemaking (the “FDIC NPR”)[1] to implement provisions of the “Guiding and Establishing National Innovation for U.S. Stablecoins Act” or the “GENIUS Act.”[2] The …