According to the source, FDIC acting chief Travis Hill said the US banking regulator plans to propose a framework to implement the GENIUS Act stablecoin legislation before year-end. Source: public statement by FDIC acting chief Travis Hill on Dec 2, 2025. For trading, this establishes a defined regulatory milestone to monitor for stablecoin policy details and headline risk in USD stablecoin markets. Source: public statement by FDIC acting chief Travis Hill on Dec 2, 2025.