OCC head promises final GENIUS rules by November
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OCC Finalizes GENIUS Act Stablecoin Rules Ahead of January Deadline
The rule sets reserve, redemption and risk standards for issuers, but the OCC has yet to say when it will begin accepting applications.
American Bankers Association: OCC’s GENIUS rules ‘undermine’ US Congress
Banking advocacy organizations are pushing back against the OCC’s finalized rules on a stablecoin law, arguing against changes to provisions on yield.
OCC finalizes GENIUS Act rules for stablecoin issuers and custody
The Office of the Comptroller of the Currency’s final rule covers payment stablecoin issuance and some custody activities, with the GENIUS Act framework taking effect in mid-January.
Banking Regulator Races to Finalize GENIUS Act Stablecoin Rules
OCC Comptroller Jonathan Gould told the Wyoming Blockchain Symposium the agency is moving at a rapid pace to beat a January statutory deadline, after already missing an earlier July target.
Treasury Secretary Bessent likens GENIUS Act to Lincoln-era banking reform
The OCC has finalized rules for stablecoin reserves and redemptions, with Bessent calling the GENIUS Act a “watershed moment for American finance.”
OCC report finds debanking efforts tied to crypto activities
The report from the US banking regulator did not include specific examples of debanking related to crypto, but mentioned it alongside ties to oil, gas and firearms.