The Institute of International Bankers submitted a comment letter urging the Office of the Comptroller of the Currency to tailor GENIUS Act reporting requirements for foreign payment stablecoin issuers. It argued that reporting should focus on information reasonably necessary to assess issuers’ US payment stablecoin activities and compliance, rather than applying the same framework to foreign and domestic issuers. The group recommended allowing foreign issuers to use reasonably equivalent home country regulatory reports and accounting standards. It also called for an appropriate process to request confidential treatment, greater flexibility for amended reports and technical changes to improve the accuracy and workability of the proposed framework.
2026-08-11Institute of International Bankers
US Institute of International Bankers calls for tailored OCC reporting framework for foreign payment stablecoin issuers
The Institute of International Bankers urged the Office of the Comptroller of the Currency to tailor GENIUS Act reporting requirements to foreign payment stablecoin issuers’ US activities. Its recommendations include recognizing equivalent home country reports and accounting standards and providing flexibility on confidentiality and amended filings.