The FDIC approved a proposed rule on May 22, 2026.
This rule implements Bank Secrecy Act and sanctions compliance standards for permitted payment stablecoin issuers (PPSIs) under the GENIUS Act.
The regulatory development introduces stricter anti-money laundering and counter-terrorist financing requirements.
These standards directly affect Circle Internet Group’s USDC operations.
Circle's stock (NYSE: CRCL) dipped 1.53% on May 22.
The stock closed at $113.12.
This decline reflects market reaction to the compliance burdens.
The movement occurred alongside a quiet cryptocurrency market.
Bitcoin and Ethereum experienced drops of under 1% since their previous close.