OCC issues proposal to implement GENIUS Act, seeking public feedback
The OCC has released a proposal to implement the GENIUS Act, inviting 60 days of public feedback on stablecoin regulation.Summary
The Office of the Comptroller of the Currency (OCC) has issued a proposal seeking public feedback on implementing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which established the first federal regulatory framework for payment stablecoins in July 2025. Comptroller Jonathan V. Gould stated the proposal aims to allow the stablecoin industry to flourish safely. The 376-page proposal outlines the OCC's jurisdiction over various issuers, including subsidiaries of national banks and qualified payment stablecoin issuers. Key stipulations include a one-to-one backing requirement with highly liquid assets, tailored capital and liquidity requirements based on risk profile, and a general two-business-day redemption window at par. This rulemaking is part of a broader government-wide effort involving the Federal Reserve and the FDIC. The GENIUS Act's effective date is contingent on the finalization of these primary regulator rules.
(Source：The Block)