OCC Races the Clock to Finish GENIUS Act Stablecoin Rules
U.S. banking regulators are racing the clock to complete a new federal rulebook for payment stablecoins before the GENIUS Act takes effect in January. The Office of the Comptroller of the Currency (OCC) is now targeting November for its final regulations. Comptroller of the Currency Jonathan Gould told the Wyoming Blockchain Symposium that the OCC […] The post OCC Races the Clock to Finish GENIUS…
The Office of the Comptroller of the Currency (OCC) is working diligently to finalize a new federal rulebook for payment stablecoins ahead of the GENIUS Act's January 2027 effective date. The OCC's goal is to have the final regulations in place by November, allowing time for prospective issuers to analyze the framework before the law takes effect.
The GENIUS Act, enacted in July 2025, establishes a comprehensive federal regulatory structure for payment stablecoins, which are digital assets designed to maintain a fixed monetary value and be used for payment or settlement. The OCC's proposal, released in February, covers the life cycle of a payment stablecoin, including reserve assets, redemption, liquidity, risk management, audits, reporting, custody, supervision, and wind-down procedures.
Brief written by urgent.news from PYMNTS's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
