US OCC issues proposed rules for implementing the "GENIUS Act" and seeks public comments

CycleProphet · 2026-02-26T02:26:07+00:00

The Office of the Comptroller of the Currency (OCC) has issued proposed rules implementing the GENIUS Act, aimed at establishing basic standards for stablecoin issuance and seeking public comments. The rules do not include anti-money laundering and offshore asset control provisions and will be addressed in consultation with the Treasury Department.

CycleProphet

2026-02-26 02:26:07

Abstract generation in progress

Deep Tide TechFlow News, February 26 — According to crypto journalist Eleanor Terrett, the U.S. Office of the Comptroller of the Currency (OCC) has today issued a proposed rule to implement the GENIUS Act and is seeking public comment. The framework will establish basic rules for OCC-regulated licensed stablecoin issuers and foreign payment stablecoin issuers, while also covering specific custodial activities.

OCC Comptroller Jonathan Gould stated that the goal of the rule is to create a system where stablecoins can “thrive in a safe and sound manner.” Notably, the rule currently does not include provisions related to Anti-Money Laundering (BSA/AML) or the Office of Foreign Assets Control (OFAC), which will be addressed separately in coordination with the Treasury Department.

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