The Office of the Comptroller of the Currency (OCC) issued a notice of proposed rulemaking to implement the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The proposal sets out, and seeks comment on, the regulations that would apply to permitted payment stablecoin issuers and foreign payment stablecoin issuers under the OCC’s jurisdiction, as well as certain custody activities conducted by OCC-supervised entities. The proposal covers the GENIUS Act regulations the OCC is required to issue except those related to the Bank Secrecy Act, anti-money laundering requirements, and Office of Foreign Assets Control sanctions, which the OCC will address in a separate rulemaking coordinated with the Department of Treasury. The OCC also indicated it will coordinate with other agencies responsible for implementing aspects of the GENIUS Act. Public comments are due 60 days from publication in the Federal Register.
Office of the Comptroller of the Currency 2026-02-25
Office of the Comptroller of the Currency consults on proposed rules implementing the GENIUS Act for payment stablecoin issuers and custody activities
The Office of the Comptroller of the Currency (OCC) issued a proposed rulemaking to implement the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The proposal outlines regulations for payment stablecoin issuers and certain custody activities under OCC supervision, excluding Bank Secrecy Act and anti-money laundering requirements. The OCC will coordinate with other agencies and the Treasury Department for related rulemaking.