The Federal Deposit Insurance Corporation (FDIC) is set to propose its initial set of regulations for stablecoin issuers before the end of December, marking a significant step in implementing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. Acting FDIC Chief Travis Hill announced the upcoming proposals, which will first address the application framework for entities seeking federal oversight in the burgeoning stablecoin market.