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OCC Finalizes GENIUS Act Rules for Stablecoin Issuers

  • The OCC finalized rules for stablecoin issuers under the GENIUS Act, effective mid-January.
  • The rules cover payment stablecoin issuance and some custody activities.
  • The rule sets standards for reserves, redemption, and risk for issuers.
  • The OCC is the first federal agency to finish writing regulations under the act.
  • The Blockchain Association has called for clearer rules on DeFi and foreign issuers under the act.

Timeline

  1. Blockchain Association comments on Treasury's GENIUS Act

    The Blockchain Association filed comments on Treasury's proposed rule implementing the GENIUS Act.

  2. OCC finalizes GENIUS Act stablecoin rules

    The OCC published its final rule implementing the GENIUS Act, effective January 18.

  3. Latest

    OCC finalizes GENIUS Act rules for stablecoin issuers and custody

    The OCC finalized rules for stablecoin issuers and custody under the GENIUS Act, effective mid-January.

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OCC Finalizes GENIUS Act Rules for Stablecoin Issuers | Split Angle