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OCC Targets November for GENIUS Act Stablecoin Rules


OCC Targets November for GENIUS Act Stablecoin Rules

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The OCC plans to finalize GENIUS Act stablecoin rules by November, aiming to resolve regulatory uncertainty before the framework takes effect and saying it will review industry feedback before completion. Comptroller Jonathan Gould told the Wyoming Blockchain Symposium (reported Aug 19) that digital asset chartering activity has increased eightfold since the Biden administration, signaling potential clearer regulation and greater adoption for crypto and stablecoin markets.

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The Office of the Comptroller of the Currency plans to finalize its GENIUS Act stablecoin rules by November. The timeline signals an effort to resolve regulatory uncertainty before the framework takes effect. 

OCC Comptroller Jonathan Gould reportedly shared the target during the Wyoming Blockchain Symposium in Jackson Hole. Crypto journalist Eleanor Terrett reported the development in an August 19 X post.

OCC Reviews Industry Feedback

Gould indicated that the agency will consider industry feedback before completing its regulations. However,…

Read The Full Article OCC Targets November for GENIUS Act Stablecoin Rules On Coin Edition.

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