Wu Shuo learned that the Federal Deposit Insurance Corporation (FDIC) will hold a board meeting on April 7 to review the Notice of Proposed Rulemaking regarding payment stablecoin issuers and regulated banks under the GENIUS Act. The agenda also includes AML/CFT requirements and the final rule prohibiting regulators from using "reputation risk" as an enforcement basis. This indicates that U.S. stablecoin regulation is gradually shifting from policy discussion to the development of an actual implementation framework within the banking system.