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OCC GENIUS Act stablecoin rules

Story timeline · 6 updates, 15 Oct to 22 Oct 2026

The OCC issued a final rule implementing the GENIUS Act, effective 18 January 2027. The ABA criticised the rule after the OCC dropped a proposed limit on stablecoin yield, saying it keeps crypto platforms' status quo. ABA CEO Rob Nichols now says the dropped clause leaves platforms such as Coinbase able to offer…

Every update, oldest first

  1. US OCC's final GENIUS Act rules expected by end of October, Jonathan Gould says

    Jonathan Gould, head of the US Office of the Comptroller of the Currency, said final rules implementing the GENIUS Act are expected very soon and no later than the end of October, speaking at a Milken Institute event held alongside DC Fintech Week.

    RegulationOdailyAIBullish

  2. OCC finalises GENIUS Act stablecoin rule effective 18 January 2027

    The US Office of the Comptroller of the Currency has issued a final rule implementing the GENIUS Act, becoming the first regulator to complete stablecoin rules under the law, effective 18 January 2027. It sets reserve, redemption and risk standards and a path for banks and non-banks to issue payment stablecoins.

    StablecoinsPANewsAIBullish

  3. Bessent says GENIUS Act gives payment stablecoins a clear federal basis

    US Treasury Secretary Scott Bessent said the GENIUS Act establishes a federal framework for payment stablecoins, likening it to the 1863 National Currency Act, and that the OCC's final rule advances its implementation.

    StablecoinsOdailyAIBullish

  4. ABA says OCC GENIUS Act rule keeps crypto platforms' status quo

    The American Bankers Association has criticised the OCC's final GENIUS Act rule after the regulator dropped a proposed limit on stablecoin yield, saying the rule keeps crypto platforms' status quo. ABA CEO @BankersPrez said acting after deposits have drained and economic harm has occurred is the wrong approach.

    RegulationOdailyAIBullish

  5. ABA and ICBA criticise OCC stablecoin rule, warning of $850bn lending fall

    The ABA and ICBA criticised the OCC's final rule implementing the GENIUS Act, saying stablecoin reward limits are too weak. The ICBA said its analysis suggests broad payment stablecoin adoption could cut community bank lending by at least $850bn, a scenario forecast rather than a realised result.

    StablecoinsOdailyAIBearish

  6. ABA's Rob Nichols criticises OCC stablecoin rule over third-party yield gap

    Rob Nichols, chief executive of the American Bankers Association, criticised the OCC's final GENIUS Act stablecoin rule for dropping a clause that presumed certain issuer-third-party arrangements unlawful, leaving platforms such as Coinbase able to offer stablecoin yield. He said the gap blurs the line between payment stablecoins and bank deposits.

    StablecoinsPANewsAIBullish

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.