Banking Regulator Races to Finalize GENIUS Act Stablecoin Rules
In brief OCC head Jonathan Gould said Wednesday the agency will finalize its GENIUS Act stablecoin rules by November, racing to meet a Jan. 18 statutory deadline before the law takes effect in January 2027 after blowing past an earlier July target.
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Key Facts
- Fact 1: 18 statutory deadline before the law takes effect in January 2027 after blowing past an earlier July target.
- Fact 2: The 376-page proposal, released in February and open for comment through May, covers the full life cycle of a payment stablecoin—reserves, redemption at par, liquidity, risk management, audits, custody and wind-downs.
- Fact 3: Gould said the OCC expects to begin processing issuer applications in 2027 and reported an eightfold jump in digital-asset chartering activity versus the Biden administration.
- Fact 4: Myriad: Will the Clarity Act be signed into law in 2026?
In brief OCC head Jonathan Gould said Wednesday the agency will finalize its GENIUS Act stablecoin rules by November, racing to meet a Jan. 18 statutory deadline before the law takes effect in January 2027 after blowing past an earlier July target.
The 376-page proposal, released in February and open for comment through May, covers the full life cycle of a payment stablecoin—reserves, redemption at par, liquidity, risk management, audits, custody and wind-downs. Gould said the OCC expects to begin processing issuer applications in 2027 and reported an eightfold jump in digital-asset chartering activity versus the Biden administration. The top U.S.
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Original source: Decrypt
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