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Regulation · Instrument · United States · Regulator rule or rulebook · Office of the Comptroller of the Currency

OCC proposed rule implementing the GENIUS Act for stablecoin issuers under OCC jurisdictionUpdated 7 Nov 2026

The OCC's main GENIUS Act rule, covering licensing, capital, liquidity, reserve, risk-management and custody rules for permitted payment stablecoin issuers and foreign issuers it supervises, and custody by OCC-supervised banks. Anti-money-laundering and sanctions rules are left to a separate rulemaking with Treasury. Finalised 21 October 2026, effective 18 January 2027; the ban on issuers paying yield stayed in the final text, and the daily liquidity requirement was cut from the proposed 10% of reserves to 5%.

Final, not yet in force · effective 18 Jan 2027 · part of GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act)

Timeline

  1. 25 Feb 2026 · Proposed
    OCC issues the proposal for comment.[1]
  2. 2 Mar 2026 · Consultation
    Published in the Federal Register; comments due by 1 May 2026.[2]
  3. 21 Oct 2026 · Final
    OCC issues the final rule; effective 18 January 2027. The agency will announce when it starts accepting issuer applications, separately from OMB approval of the application forms.[3]
  4. Nov 2026 · Final · upcoming
    Comptroller Gould says the final rule will be out by November.[4]

Deployments operating under it

None recorded with a source yet.

Sources

  1. [1]OCC Requests Comments on Proposal to Implement GENIUS Act — Office of the Comptroller of the Currency, 25 Feb 2026. Accessed 12 Oct 2026.A
  2. [2]GENIUS Act Rulemaking and Reporting Tracker (as of 1 June 2026) — Chapman and Cutler, 1 Jun 2026. Accessed 12 Oct 2026.B
  3. [3]OCC Advances U.S. Digital Asset Leadership with Final Rule to Implement GENIUS Act — Office of the Comptroller of the Currency, 21 Oct 2026. Accessed 7 Nov 2026.A
  4. [4]Comptroller GENIUS Act final rule will be out by November — ICBA, 20 Aug 2026. Accessed 12 Oct 2026.C