The Office of the Comptroller of the Currency is preparing to publish the final implementation rule for U.S. payment stablecoin legislation in November, according to Comptroller Jonathan Gould. Speaking at a blockchain symposium in Wyoming, Gould said the agency is completing the rulemaking process based on industry feedback to a proposal issued in February. That proposal ran 376 pages and was opened for public comment as part of the rollout of the Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act. The law was signed in July 2025 and is scheduled to take effect in January 2027. Gould also said the OCC expects to begin handling applications related to stablecoin issuers starting in 2027. Other U.S. agencies, including the Treasury Department, the Federal Deposit Insurance Corporation and the Federal Reserve Board, are also required to finish related rules before the law takes effect.
The Office of the Comptroller of the Currency plans to release the final implementation rule for payment stablecoin legislation in November, Comptroller Jonathan Gould said at a blockchain symposium in Wyoming.
Gould said the OCC will complete the rulemaking process based on feedback from the industry on a proposal released in February. The agency issued a 376-page proposal that month and opened it for public comment to carry out the Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act.
The law was signed in July 2025 and is scheduled to take effect in January 2027. Gould said the OCC expects to begin processing applications related to stablecoin issuers starting in 2027.
He also said other agencies, including the U.S. Treasury Department, the Federal Deposit Insurance Corporation and the Board of Governors of the Federal Reserve System, must complete related regulatory rules before the law takes effect.
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