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10/22/2026

OCC Finalizes GENIUS Act Stablecoin Rules, Bessent Calls It a ‘Watershed Moment’

What happened: The US Office of the Comptroller of the Currency (OCC) finalized its rule implementing the GENIUS Act, establishing new federal standards for payment stablecoins.

OCC Finalizes GENIUS Act Stablecoin Rules, Bessent Calls It a ‘Watershed Moment’

What happened: The US Office of the Comptroller of the Currency (OCC) finalized its rule implementing the GENIUS Act, establishing new federal standards for payment stablecoins. The regulation, effective January 18, 2027, covers reserve requirements, redemption, risk management, audits, and issuer approval for banks and nonbank payment stablecoin applicants. Treasury Secretary Scott Bessent likened the move to the 1863 National Currency Act, calling it a “watershed moment for American finance.”

Why it matters: The GENIUS Act rule provides long-awaited regulatory clarity for stablecoin issuers and banks, potentially accelerating institutional adoption. However, the OCC deferred the contentious issue of stablecoin rewards, leaving open questions about yield-bearing stablecoins and their compliance status. This ambiguity could shape the next phase of stablecoin innovation and regulatory debate in the US.

Source: Cointelegraph, CoinDesk, OCC