OCC Finalizes GENIUS Act Rules for Stablecoin Issuers Ahead…
By Tobi Opeyemi Amure
AI summary of the source article
The OCC finalized rules implementing the GENIUS Act to establish requirements for payment stablecoin issuers ahead of January 2027. The agency also issued revised weekly and quarterly reporting forms subject to Office of Management and Budget approval.
Why it matters
The OCC said the revised reporting forms would "help issuers comply with the final rule, support its supervision of domestic and foreign issuers, and improve transparency around their financial condition."
Key facts
- The OCC finalized rules implementing the GENIUS Act for payment stablecoin issuers ahead of implementation in January 2027.
- The agency released revised weekly and quarterly reporting forms covering stablecoin activity, reserves, and issuers' financial condition.
- The reporting requirements await public comment and approval from the Office of Management and Budget, with reporting slated to begin in early 2027.
Source excerpt · FinanceFeeds
The Office of the Comptroller of the Currency (OCC) has finalized rules implementing President Donald Trump’s GENIUS Act , establishing requirements for payment stablecoin issuers under its supervision ahead of the framework’s implementation in January 2027. The OCC announced the final rule on October 21, alongside revised reporting forms for permitted payment stablecoin issuers and registered for…