The Federal Deposit Insurance Corporation (FDIC) is set to hold a board meeting on April 7 to review proposed rulemaking under the GENIUS Act concerning payment stablecoin issuers and regulated banks. The agenda includes anti-money laundering and counter-terrorism financing (AML/CFT) requirements, as well as final rules prohibiting the use of "reputation risk" as a basis for enforcement actions. This marks a shift in U.S. stablecoin regulation from policy discussions to the development of a practical framework within the banking system.