Canada opens consultation on stablecoins, citing US GENIUS Act
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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 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.
Fed requests comment on two proposals for stablecoin issuers under GENIUS Act
US regulatory agencies missed a rule-making deadline under the GENIUS Act, a year after the law was signed.
UK financial watchdog opens consultations for DeFi guidance, crypto laws
The UK Financial Conduct Authority consultations came just weeks after the agency opened applications for companies under its new crypto regulatory regime.
Dragonfly partner rejects ‘bunker mode’ doomerism, calls for proactive blockchain measures
Dragonfly’s Qureshi argued that asset migration is not a real solution in case of AI models breaking cryptographic signatures, and urged blockchains to adopt proactive measures.
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.