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Consensys warns FDIC stablecoin proposal could overreach into DeFi and wallet software
May 20, 2026
< 1 min read
by Nellius Irene
for CryptoPolitan
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Consensys submitted formal feedback to the FDIC after the agency opened a public comment period on proposed rules to implement the GENIUS Act. The engagement signals industry input on crypto regulation and could improve regulatory clarity for DeFi infrastructure, custody and token operations, supporting adoption and compliance.
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Consensys submitted feedback to the Federal Deposit Insurance Corporation. The FDIC invited public comment on its proposed rules to implement the GENIUS Act.
