Association of National Numbering Agencies (ANNA)
Trade associationSupport
Interoperability standards
Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the NCUA
NCUA-2026-1024-0001SNPRM
Comments
32
Last activity Jul 24, 2026
Deadline
Closed on Jul 18, 2026
Closed Jul 18, 2026
Net supportiSupport minus oppose · campaigns included
+75%
+75% excluding campaigns
Document
Details
The document's own metadata, straight from the source system.
- Title
- Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the NCUA
- Posted
- May 18, 2026
- Comment period
- May 18, 2026 – Jul 18, 2026
- FR Doc
- 2026-09915
Analysis
Overview
What the public is saying — stance, who's commenting, and the issues they raise.
Include campaigns
Stance breakdown
+75%
Net support
Support28Oppose4
Aggregates include form-letter campaigns. Excluding them, net support is +75% across organic comments.
Who commented
Breakdown by commenter type.
Academic
1
Business
7
Individual
2
Trade association
12
Advocacy
7
Other
3
Comments over time
Weekly arrivals, stacked by stance.
Posted May 18, 2026Deadline Jul 18, 2026
Jun 22Jun 29Jul 13Jul 20
Support28Oppose4Other0
Support × commenter type
How each type splits across stance.
Support
Oppose
Other
Trade association
100%
0%
0%
Business
86%
14%
0%
Advocacy
71%
29%
0%
Other
100%
0%
0%
Individual
50%
50%
0%
Academic
100%
0%
0%
Issues raised
The docket's canonical issues. Select one to browse its comments.
Position map
Who stands where on each issue?
Every non-silent position is backed by an excerpt from the comment.
Issues shown
Choose up to five.
| Organization | Reserve diversification standards | Interoperability standards | Parity of share accounts | Relationship classification |
|---|---|---|---|---|
Association of National Numbering Agencies (ANNA) Trade associationSupport The Association of National Numbering Agencies (ANNA) supports the proposed action, specifically advocating for the use | · | · | · | |
Better Markets AdvocacyOppose Better Markets, a non-profit organization, opposes the NCUA's proposed rule for stablecoin issuance, arguing that it lac | · | · | · | |
Circle Internet Group, Inc. BusinessSupport Circle Internet Group, Inc. | · | · | ||
Cornerstone Credit Union League Trade associationSupport The Cornerstone Credit Union League supports the NCUA's approach to implementing the GENIUS Act but urges the agency to | · | · | ||
National Association of State Credit Union Supervisors Trade associationSupport The National Association of State Credit Union Supervisors (NASCUS) supports the NCUA's efforts to establish a regulator | · | · | · | |
XBRL US AdvocacySupport XBRL US, a nonprofit data standards organization, supports the proposed rule but urges the NCUA to require disclosures i | · | · | · |
Better Markets
AdvocacyOppose
Reserve diversification standards
Circle Internet Group, Inc.
BusinessSupport
Reserve diversification standards
Relationship classification
Cornerstone Credit Union League
Trade associationSupport
Reserve diversification standards
Parity of share accounts
National Association of State Credit Union Supervisors
Trade associationSupport
Reserve diversification standards
XBRL US
AdvocacySupport
Interoperability standards
Comments
Explorer
Every mirrored comment — filter by stance, campaign, or issue.
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- Jul 17, 2026America's Credit UnionsSupportTrade association📎 Attachment
America's Credit Unions supports the NCUA's proposed rule but urges the agency to ensure that regulations are tailored to the specific capital structures and operational realities of credit unions rather than being directly imported from bank-centric frameworks. They advocate for specific clarifications regarding share account parity, the ability to issue multiple branded stablecoins, and the treatment of "cash on deposit" to ensure competitive neutrality and operational viability for credit union-licensed stablecoin issuers.
Read comment → - Jul 17, 2026Illinois Credit Union LeagueSupportTrade association📎 Attachment
The Illinois Credit Union League (ICUL) supports the NCUA's supplemental proposed rule to implement the GENIUS Act, praising the efforts to create a clear regulatory framework for stablecoins. They advocate for a risk-based, proportionate approach that recognizes the unique cooperative structures of credit unions while seeking specific clarifications on definitions, custody, and consumer protections.
Read comment → - Jul 17, 2026Cooperative Credit Union AssociationSupportTrade association📎 Attachment
The Cooperative Credit Union Association, Inc. supports the proposed rule but urges specific clarifications to ensure a level playing field for state-chartered credit unions and to reduce regulatory burdens. They advocate for principles-based reserve asset diversification, parity with bank capital requirements, and the inclusion of federal preemption provisions.
Read comment → - Jul 17, 2026Comment from Cornerstone Credit Union LeagueSupportTrade association📎 Attachment
The Cornerstone Credit Union League supports the NCUA's approach to implementing the GENIUS Act but urges the agency to ensure the rules are tailored to credit union capital structures and competitive realities. They request specific clarifications on definitions, reserve asset diversification, data collection burdens, and consumer disclosures to facilitate credit union participation in the stablecoin market.
Read comment → - Jul 14, 2026Timothy AndersonSupportIndividual
Timothy Anderson, an individual working in the credit union industry, supports the proposed rule but urges the NCUA to explicitly treat credit union Share Accounts as equivalent to bank deposits. He also advocates for allowing reserve assets to be held in Share Accounts and ensuring that requirements are structured to allow smaller credit unions to participate through shared issuers.
Read comment →