OCC Races to Finalize GENIUS Act Stablecoin Rules by November
The Office of the Comptroller of the Currency (OCC) is accelerating efforts to finalize regulations for the GENIUS Act, which pertains to stablecoins, by November. This follows a proposal released earlier this year and aims to incorporate industry feedback before the law's effective date in January 2027.
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OCC races to finalize GENIUS Act stablecoin rules by November
The OCC is stepping on the gas to finalize rules by November to implement a stablecoin law signed by President Trump.
OCC head promises final GENIUS rules by November
The US banking regulator released a 376‑page proposal in February, calling for public comment on rules to implement the stablecoin bill ahead of its January 2027 effective date.
OCC targets November for final GENIUS Act rules
The Office of the Comptroller of the Currency has set a November target for completing its GENIUS Act regulations after receiving industry feedback on its proposed stablecoin framework. Crypto journalist Eleanor Terrett reported in an Aug. 19 X post that…
Bessent Seeks Industry Feedback to Shape New GENIUS Rules
The U.S. Department of the Treasury has published a Notice of Proposed Rulemaking (NPRM) to clarify issues still unclear in the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, including the scope of the regulation, the extraterritorial character of its provisions, and other relevant elements before its implementation date. U.S. Department of the […]