Overview
America’s Credit Unions advocates for inclusive regulatory standards that enable credit unions to participate in digital asset ecosystems. The GENIUS Act, signed into law in summer 2025, grants federally chartered credit unions authority to serve as stablecoin issuers and custodians once regulations are finalized.
“The framework should not be one-size-fits-all in a way that only the very largest institutions can participate.”
James Akin, Head of Regulatory Advocacy, emphasized that smaller institutions deserve equal opportunity to engage safely in stablecoin activities, arguing for risk-based rather than prescriptive approaches.
Specific Recommendations
- Standardized, Technology-Neutral APIs: Implement frameworks that don’t favor specific technology providers
- Risk-Based AI Requirements: Adopt flexible rather than prescriptive AI and monitoring requirements
- Interoperable Digital Identity: Develop solutions that work across institutions
- Clear Examiner Expectations: Clarify requirements regarding blockchain analytics tools
- Tailored Requirements: Base regulations on stablecoin type and associated risks, not merely institutional charter size
The organization emphasizes balancing innovation with consumer protection and illicit finance prevention — particularly addressing ransomware proceeds, fraudulent schemes, and non-compliant exchanges within the crypto ecosystem.