FDIC Chair Confirms: No Deposit Insurance for Stablecoins Under GENIUS Act
WASHINGTON, D.C. — March 19, 2026: Federal Deposit Insurance Corporation Chair Travis Hill delivered a definitive statement today that will reshape the cryptocurrency landscape. During his prepared remarks at the American Bankers Association Washington Summit, Hill confirmed the FDIC lacks authority to insure stablecoin deposits under the recently enacted GENIUS Act. This clarification ends months […]
