The U.S. Office of the Comptroller of the Currency (OCC) expects to publish final rules for the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act by November, Comptroller Jonathan Gould said on Wednesday.
Speaking at the Wyoming Blockchain Symposium, Gould stated the OCC would finalize its 376-page proposal issued in February, incorporating feedback from the crypto industry. The regulator aims to align the final rules with the law’s January 2027 effective date. Gould also indicated that the OCC could begin processing applications from stablecoin issuers in 2027.
The GENIUS Act, signed into law in July 2025, establishes a federal framework for payment stablecoins. It requires multiple agencies—including the OCC, Treasury Department, Federal Deposit Insurance Corporation (FDIC), and Federal Reserve—to finalize regulations by January 18, 2027. Regulators have yet to publish finalized rules despite earlier proposals and public comment periods, creating potential regulatory uncertainty for issuers.
The OCC’s proposal outlines prudential standards for stablecoin issuers, including capital, liquidity, and risk management requirements. Industry participants have raised concerns over compliance timelines and operational adjustments needed to meet the forthcoming framework.
