The Office of the Comptroller of the Currency (OCC) will finalize rules for the GENIUS Act stablecoin law by November, aiming to meet a January 18, 2027, deadline. Applications for issuers are expected to begin in 2027.
The finalization of these rules by the OCC is crucial for providing regulatory clarity to the stablecoin market in the United States, potentially paving the way for new issuers and greater integration of stablecoins into the financial system.
The Office of the Comptroller of the Currency (OCC) intends to finalize its rules for the GENIUS Act, a landmark digital-dollar law, by November. Jonathan Gould, head of the OCC, stated that the agency is working rapidly to meet the January 18, 2027, statutory deadline for regulations, which are necessary for the law's January 2027 effective date. The OCC's 376-page proposed rule, released in February, covers the full lifecycle of payment stablecoins, including reserves, redemption, liquidity, risk management, audits, custody, and wind-downs. Anti-money-laundering and sanctions requirements are being coordinated with the Treasury Department. Gould indicated that the OCC expects to begin processing applications from stablecoin issuers in 2027, noting a significant increase in digital-asset chartering activity. The GENIUS Act, signed into law in July 2025, restricts payment stablecoin issuance to permitted entities.
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