PANews reported on May 18 that, according to an official announcement, the National Credit Union Administration (NCUA) has released a proposed rule outlining operational and risk management standards for stablecoin issuers licensed by the NCUA under the GENIUS Act. NCUA Chairman Kyle Hauptman stated that the proposed rule aims to ensure credit unions are not disadvantaged in terms of standards and to align with proposed standards for bank subsidiaries. The proposed rule has been published in the Federal Register, and the comment period will end on July 17, 2026.