America's Credit Unions pushes for equal crypto footing with banks as stablecoin rules take shape
- —AmCU wants credit unions to offer custody, payments, lending and staking on par with banks
- —The GENIUS Act designates the NCUA as supervisor for credit unions issuing or custodying stablecoins
- —NCUA proposed 26 new stablecoin-specific Call Report accounts, with comments due December 8, 2026
- —AmCU warns competitive stablecoin yields could drive deposit flight from credit unions
Why it matters: The outcome of the GENIUS and CLARITY Acts will determine whether credit unions can compete with banks and platforms for crypto services and deposits.
Source: Crypto Briefing
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