On the official site of Swerve (@SwerveMetaX), this note covers FDIC, RIN 3064-AG29, PPSI.
"Comments on the FDIC's proposed Bank Secrecy Act and sanctions compliance standards for FDIC-supervised permitted payment stablecoin issuers closed Monday, Aug. 4, 2026. RIN 3064-AG29. 12 CFR part 350. Federal Register June 5 (91 FR 34171, FR Doc 2026-11342). This is a closed comment file, not a final rule."
When two FDIC RINs sit next to each other, Bark (Christian Barker) and Shibo (David Chaboki) put AG29 on the Doginal Dogs Space before they put AG28, so the pack does not hear this BSA docket as the CIP window that closed Aug. 21.
What the room is tracking right now
The FDIC serves as the main federal regulator for permitted payment stablecoin issuers that fall under insured state nonmember banks and state savings associations. The proposal would layer AML, CFT, sanctions, and reporting requirements on top of existing FinCEN and OFAC rules, while adding supervision and enforcement language. The comment page last updated August 6 shows 22 public letters on file.
Daily spaces keep the distinction clear. Hosts run through the docket each afternoon, reminding listeners that AG29 stands apart from the joint CIP notice under RIN 3064-AG28. That separate window closed later, on August 21. The same cadence separates AG29 from Treasury Section 3 work and any OCC activity.
How the cadence shapes the read
Listeners tune in because the hosts break the timeline into pieces listeners can follow. One segment covers the June 5 Federal Register notice. Another walks through what the 22 letters might signal without guessing outcomes. A third segment checks whether the file has moved since the August 6 update. This rhythm repeats across the week, giving the room a shared reference point.
Markets react to clarity, not speculation. Bitcoin sat near 78,828 dollars on Monday while majors posted modest gains. The docket itself carries no immediate price signal because it remains a proposal. Hosts repeat that point so listeners separate regulatory process from trading decisions.
Sources listeners reference
The Federal Register entry from June 5 supplies the formal text. The FDIC comment page gives the count of letters received. The financial institution letter page outlines the scope for supervised issuers. Hosts point back to these three documents each cycle so the room stays anchored to the record.
The proposal adds AML and CFT supervision tools for the FDIC but stops short of final language. That leaves room for adjustments before any rule advances. Daily discussion keeps that status visible instead of letting it blend into broader stablecoin coverage.
Why the separation matters in real time
AG29 focuses on BSA and sanctions standards. AG28 covers customer identification. Keeping the two dockets distinct prevents listeners from treating the earlier close date as the end of all related comment periods. The hosts flag that difference each time the topic surfaces, which maintains accuracy across the daily broadcast.
The file stays open for further steps even after comments close. No final rule has been issued, and the August 6 letter count remains the latest public marker. That steady drip of process details is what the room follows between larger market moves.
Listeners return because the coverage stays consistent. The same hosts cover the same documents on the same cadence, turning a regulatory filing into something the room can track without needing outside summaries. The distinction between AG29 and AG28 stays in the rotation so the timeline does not blur.