Original sourcecrypto.newsAdditional: PYMNTS
Summary
The U.S. Office of the Comptroller of the Currency (OCC) aims to finalize key rules under the GENIUS Act by November, covering stablecoin reserves, face-value redemption, liquidity, risk controls, custody, audits, regulatory examinations, and issuer applications. The OCC has seen an eightfold incre…
Key points
- Stablecoin market participants should track regulatory timelines to adjust compliance plans.
- This rule will set operational standards for stablecoin issuers, impacting U.S. stablecoin compliance.
- Issuers will face stricter reserve and audit requirements, potentially raising costs; users gain more protections.
- The GENIUS Act's statutory deadline passed in July 2026, and the OCC is working to complete rulemaking.
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