US OCC Expected to Announce Final Rules for GENIUS Act by End of Month

The Office of the Comptroller of the Currency (OCC) is expected to announce the final rules for the stablecoin regulation law, the GENIUS Act, by the end of this month. Jonathan Gould, the OCC Commissioner, recently stated at a Milken Institute event that the final rules will be announced soon. The market is paying attention to the possibility of an announcement at the end of October. The GENIUS Act is a federal stablecoin regulation law enacted with the signature of President Donald Trump on July 18 of last year, which restricts the issuance qualifications for payment stablecoins and stipulates reserve management and user protection obligations. The OCC released a draft of the rules on February 25 of this year, with the core of the draft being to maintain reserves corresponding to the value of issued stablecoins and ensure liquidity. It was proposed that at least 10% of the reserves be held in assets that can be immediately liquidated, and 30% in assets that can be liquidated within five business days. The GENIUS Act will come into effect on January 18, 2027, but the implementation date may be advanced to within 120 days after the OCC announces the final rules. This final rule is expected to set the entry standards for the stablecoin market.

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