OCC Moves to Activate GENIUS Act Framework, Invites Industry Input

Reading Time: < 1 minute

The Office of the Comptroller of the Currency (OCC) has put forward a formal proposal to carry out the provisions of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act), seeking public comment on how the landmark law should be translated into binding regulations.

In remarks accompanying the release, Comptroller of the Currency Jonathan V. Gould said the agency has carefully developed a regulatory approach designed to let the stablecoin market expand within a framework that safeguards the broader financial system. He stressed that the objective is to ensure innovation proceeds in a manner that is both safe and sound.

Enacted in July 2025, the GENIUS Act established the first comprehensive federal regime for payment stablecoins in the US. The legislation introduced core standards governing who may issue stablecoins, how reserve assets must be maintained, and how custody and operational controls should be structured, among other requirements.

The OCC said its proposal encompasses all rules the agency is obligated to issue under the new law. Provisions connected to separate statutes, including the Bank Secrecy Act, will be addressed through distinct rulemaking efforts at a later stage.