OCC Targets November for GENIUS Act Stablecoin Rules

The Office of the Comptroller of the Currency will finalize its primary regulations for payment stablecoins by November, Comptroller Jonathan Gould announced on August 19, setting a new target after federal agencies missed a statutory deadline earlier this year. Gould disclosed the timeline during a fireside chat at the Wyoming Blockchain Symposium in Jackson Hole, stating the agency is racing to implement the GENIUS Act before the law takes effect in January 2027.

"We are very intent on moving quickly and getting a final rule out by November so that we will be able to start processing applications within the new year," Gould said. The announcement comes after the OCC and other federal regulators failed to complete their implementing rules by the July 18, 2026, deadline set by the GENIUS Act, which President Donald Trump signed into law on July 18, 2025. That law created the first federal framework specifically for payment stablecoins.

The OCC's November target is aimed at meeting a subsequent statutory deadline of January 18, 2027, by which all regulations must be in place. The payment stablecoin framework is scheduled to take effect on that date, or 120 days after primary...