America’s Credit Unions takes on crypto policy as stablecoin rules take shape

Credit unions have spent decades arguing they deserve a seat at the same table as banks. Now, with stablecoin legislation moving through Congress and the regulatory perimeter around digital assets hardening, America’s Credit Unions is making sure that argument gets heard before the rules are written without them. On October 11, 2026, America’s Credit Unions, known as AmCU, held a policy discussion led by Chief Advocacy Officer Kathleen Coulombe, covering three interconnected issues: the upcoming lame-duck session of the 119th Congress, lessons drawn from previous reconciliation fights, and the evolving regulatory landscape around crypto and stablecoin yields. Why credit unions care about stablecoins For credit unions, the concern is practical. If members can park money in a stablecoin yielding competitive returns, the logic goes that deposits could quietly walk out the door. AmCU has flagged this risk directly, warning that certain stablecoin provisions may trigger deposit flight and could run afoul of prohibitions built into the GENIUS Act itself. The GENIUS Act is the legislative framework that has emerged as the central vehicle for stablecoin regulation. For credit unions, its m...