OCC Promises Final Rule for GENIUS Act by November
The Office of the Comptroller of the Currency (OCC) will have a final rule implementing the GENIUS Act out by November, Comptroller of the Currency Jonathan V. Gould said Wednesday (Aug. 19) at the Wyoming Blockchain Symposium. “We were working on the rule even before the President actually signed the bill into law,” Gould said, according to excerpts released by the OCC. […] The post OCC Promises…
The Office of the Comptroller of the Currency (OCC) has pledged to release a final rule implementing the GENIUS Act by November, according to Comptroller of the Currency Jonathan V. Gould. Gould made the announcement on August 19 during the Wyoming Blockchain Symposium, stating that the OCC had been working on the rule before President Donald Trump signed the GENIUS Act into law in July 2025.
The GENIUS Act is the United States' first-ever crypto legislation, signaling a potential new era for stablecoins. The OCC issued a proposed rulemaking in February to implement the GENIUS Act, addressing most of the regulations required under the law. In June, the OCC further proposed a rule that would require payment stablecoin issuers under its supervision to comply with the Bank Secrecy Act and GENIUS Act provisions.
Gould likened the OCC's role in the stablecoin regulatory and supervisory landscape to the original mission of the regulator, established in the 1860s, to ensure the quality of reserve assets backing national bank-issued notes. Among 40 applications for new bank charters received by the OCC over the past 18 months since Trump's presidency, 23 include business plans involving digital asset activity.
This suggests that stablecoins are becoming an integral part of the business plans under consideration by the OCC.
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