US OCC Chief: Final Rule Implementing GENIUS Act Expected to Be Published by End of October

Source: PANews2026/10/15 23:31

Analysis

The OCC's pending final rule would convert the GENIUS Act's stablecoin framework from statute into operative supervisory expectations, which matters most for federally chartered banks and nonbank issuers seeking a clear compliance path. Gould's "near term" framing, with a stated outer bound of end-October, signals the agency is prioritizing issuance and reserve rules ahead of other digital-asset workstreams. The practical transmission runs through reserve custody, redemption standards, and permissible activities, which will shape whether bank-issued and nonbank stablecoins compete on similar terms. Watch whether the final text tracks the earlier proposal on reserve composition and disclosure frequency, how the OCC coordinates with the FDIC and Federal Reserve on overlapping issuer rules, and whether state regulators signal friction over dual-charter pathways.

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PANews, October 15 — According to crypto journalist Eleanor Terrett, US Office of the Comptroller of the Currency (OCC) Chief Jonathan Gould said the OCC's final rule implementing the GENIUS Act is expected to be published "in the near term," no later than the end of October.

US OCC Chief: Final Rule Implementing GENIUS Act Expected to Be Published by End of October

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