# Federal Reserve Board requests comment on proposal to require certain payment stablecoin issuers to maintain an effective customer identification program

> **Open Intelligence Dossier** · First detected: 2026-06-18 21:07 UTC · Category: Business

## Executive Summary
U.S. financial regulators have proposed new customer identification requirements for certain payment stablecoin issuers under the GENIUS Act.

## Intelligence Brief
Federal agencies, including the Federal Reserve, the OCC, and FinCEN, have released proposals requiring specific payment stablecoin issuers to implement customer identification programs. These measures aim to align stablecoin issuer protocols with existing banking standards.


Coverage from outlets including Bloomberg, The Block, CoinDesk, and the Federal Reserve highlights that these rules are being introduced pursuant to the GENIUS Act. Reports detail that the OCC is simultaneously proposing new reporting forms for entities under its supervision.


The regulatory bodies are now seeking public comment on the proposals. Coverage does not yet specify a timeline for the final implementation of these rules or the full scope of issuers affected by the requirements.

## Multi-Source Evidence Table
| Source Outlet | Headline | Verification URL |
|---|---|---|
| JD Supra | OCC proposes reporting forms for OCC-supervised stablecoin issuers under GENIUS Act | [Source Link](https://news.google.com/rss/articles/CBMihgFBVV95cUxNQW9ib0ZDLVVaQm5Cc3VZM1RRS0tiZXcxdVVmM0xvcVNJMEtDXzlPRkRqOHh3NlhKV29jamJabHJpR0doQmdCdFdBTzNNTHlyY0RyY2IzSnQxY3VfM2JmajVfUGJKODdtbkJ0dmxSQXN6ZmRpVGFwLWNqdml1aVlBbDNHUS1uZw?oc=5) |
| VitalLaw.com | FINANCIAL TECHNOLOGY—FinCEN, other federal regulators, propose GENIUS Act Customer Identification Program rule | [Source Link](https://news.google.com/rss/articles/CBMihwJBVV95cUxPbEQzYVBGR0hZazZlRHFXNk5LYXZqaWUyUnhLTXZ2LUxSa0hocmVhQ1MwcE1tTUx4bm1MQlV1Nm0wd0hVMi1aSGJTZjgzX2FES3RfQ0NfU19LVmVRTG9HQ25xZlVnbkJiVWxRRlVuNmt2Ti1CcnFNMk1RaFMyYmNFanlvbXpPaGJIcGNYbFRvaVhUVDNJbkVyOWFpaEMwdzM4THZSR2RXLURrTzlzaXFIMFkzS2lWMTc0WTdMYlBJTm52RnY4SnNqMjhrRHRwWFlLVU9KZlpWZXBXbmhDYU1NSlFnbktaWFJQVDBjSklZVWFYb3l5LV9RRWZuaGVseHVadjg4T1hGcw?oc=5) |
| ledgerinsights.com | FinCEN, OCC, Fed release stablecoin customer identification proposals | [Source Link](https://news.google.com/rss/articles/CBMioAFBVV95cUxPWC1vMTVTYXNfQW5VcGdGUXowd3RGdFljMjVhOWROMlE5alpPRDVHeVNZajFJZlloM3F1VVZGZndSdFhacW9QWXh1VGVhWUE1b0lURHNsRlhrYjRZZ0djSXFHZ0JsbmZRai1SU0RGempoTFRMejl6amVHNW5JZml5RXFYRHgyRDBpUlN1cjVNRDdmU2RLN3hCREpwMmptTHhK?oc=5) |
| Seeking Alpha | Federal Reserve proposes program to identify some payment stablecoin customers (CRCL:NYSE) | [Source Link](https://news.google.com/rss/articles/CBMitwFBVV95cUxPeVhjbkpZS01TYm9sR2g3cUlQWHNrdlQ5WlNtU3A3VS1adGM5ekVXMHN4REd1VHQ5MkF1RDRjM2VpQjVPMEFfblloUld2YmlqWVBFZmpoczh0UzJBVjZCU3lleEFpRnc2YmNIZXIzcnZJVGZOUUNZdHlHY3pOWE9sM1YxV0h0b2JQWVZlZXNpS1R4bl9BQV9Zb0NRTld6NDZZbUYxV3lyS09Ma1dJdHpObzRibnh5M28?oc=5) |
| The Block | Federal Reserve rolls out proposing rulemaking requiring stablecoin issuers to maintain customer identification program | [Source Link](https://news.google.com/rss/articles/CBMi6wFBVV95cUxQMElwNVlSUTZ2eHVuZWFpbGRaeFE2Q05zc0xyN2hFNXJ6ajJISGlfSllTaF9HejNfelBpeWoyMVVLQm5LWGltTXpYUlNXbS12bXJ0MHNkOWlRYTByem5qaHZUd2swX2VMazB1ZG1JVzMzZENrTF80OE1mX0Q3VV9RZW14U0pNeXpfVnJfVVpEMFYzeVl5S3JRS1k5Y25yTG1SMXdwNnVZZXh4Tk9GaHA1d2xyNHdTa3NPWkFZc0pJSW0wZXdtZFRBaGg1TFB5dGw0bTdDSXNXazJxTkdWNmdmREt3bUUtSm1Ka3Rr?oc=5) |
| CoinDesk | U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act rule | [Source Link](https://news.google.com/rss/articles/CBMixAFBVV95cUxNWGdmdm5LdXhUS1REd0Vra251RUtVOUNGUnZseGI1SW8xc0xyb3d0UENlNmZHSkg4T0xmUGRQZGpwNlVsT0ZEUlNSLURGQV8zMEcteEFTLU1ndFJIVE1iZnFXRjE1T2tCc1ZReUFSc0dQUFhEYTNGNHhvcVhiSlgybE5xRUUwTzlPQmdFc2h1cmJkQmlzNm5MOTIyN3hLTFJkOTlDbnhPZ2M1c2RJLTN4SXlyQ2NCNmJERHg2NlUzUUZ6UTl3?oc=5) |
| Bloomberg.com | Fed Proposes Payment Stablecoin Issuer Identification Program | [Source Link](https://news.google.com/rss/articles/CBMisgFBVV95cUxOa2xidmJsS0wwZlBPUjlFYkxXdG5EQkluTktQYnhROXhoblNqZXNmekt4UXpFdVhKTWNOWC13c1FIOHMyZWhlQ2xYb0NNUEZxYzZGQW5tMVhab0pBdXRvNjVnYnRFWEZPTFd2RzUzQWhIVWVwRUNzbFlLc2p1WkVVYW83M2FhelQxa3F5RnlmTV9DVV92SjRlYVN1T1FwSEd6VHotRWhOR2JKWU90c2wyamxR?oc=5) |
| Federal Reserve (.gov) | Federal Reserve Board requests comment on proposal to require certain payment stablecoin issuers to maintain an effective customer identification program | [Source Link](https://news.google.com/rss/articles/CBMif0FVX3lxTE0tU2lMSHdfZ1h3a3VIVmVzVVQ1b25OX3IwNmhLdzMxSlJHeUVpRnJVOXdRemlqMm8tTnNvVzVQeEk1S0pCU1NILXhxX0JvN1dsQ0E4WTBTSm1kNTZaUUpjbUNxcU9FNG85ZE1BT0RHMXZYRTZqRGRRTGNmSW1ncmM?oc=5) |

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*Canonical Source: https://pulse.byoviral.com/trend/2026-06-18/federal-reserve-board-requests-comment-on-proposal-to-require-certain-payment*