U.S. OCC Plans to Publish Final GENIUS Act Stablecoin Rule in November
AI Market Summary
The OCC plans to publish final rules in November implementing the GENIUS Act framework for payment stablecoins, with issuer applications expected to be processed starting in 2027 ahead of the law's January 2027 effective date. The timeline and multi-agency rulemaking (Treasury, FDIC, Fed) clarify the path toward regulated stablecoin issuance, potentially reducing regulatory uncertainty for U.S.-linked crypto market infrastructure in the near term.
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Odaily Planet Daily reports that Jonathan Gould, Comptroller of the Currency at the Office of the Comptroller of the Currency (OCC), said at the Wyoming Blockchain Symposium that the agency will issue its final rule for payment stablecoin legislation in November. The OCC plans to finalize the rule after reviewing industry feedback on its February proposal.
In February, the OCC released a 376-page proposal for public comment to implement the GENIUS Act—short for the Guiding and Establishing National Innovation for Stablecoins Act. The legislation was signed into law in July 2025 and is set to take effect in January 2027. Gould added that the OCC expects to start processing applications from stablecoin issuers in 2027.
Before the law takes effect, other U.S. regulators, including the Department of the Treasury, the Federal Deposit Insurance Corporation (FDIC), and the Board of Governors of the Federal Reserve, must also finalize related implementing rules. (Cointelegraph)
