GENIUS Act rules finalized by OCC ahead of January deadline

cryptonews10-21 22:20

The Office of the Comptroller of the Currency has finalized its regulations implementing the GENIUS Act which is set to come into effect on January 18, 2027. Summary The OCC has finalized federal...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGENIUS Act rules finalized by OCC ahead of January deadline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-21 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/genius-act-rules-finalized-by-occ-ahead-of-january-deadline/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Office of the Comptroller of the Currency has finalized its regulations implementing the GENIUS Act which is set to come into effect on January 18, 2027.\n\n\nSummary\n\n\n\nThe OCC has finalized federal...</p>\n\n<a href=\"https://crypto.news/genius-act-rules-finalized-by-occ-ahead-of-january-deadline/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://crypto.news/genius-act-rules-finalized-by-occ-ahead-of-january-deadline/","article_id":"2677167774","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/genius-act-rules-finalized-by-occ-ahead-of-january-deadline/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2677167774","pubTimestamp":1792592427,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"The Office of the Comptroller of the Currency has finalized its regulations implementing the GENIUS Act which is set to come into effect on January 18, 2027.The OCC has finalized federal regulations under the GENIUS Act covering stablecoin issuance, reserve backing, redemptions and supervision.The new rules take effect on January 18, 2027, while existing issuers with pending applications may qualify for temporary compliance waivers.Stablecoin issuers looking for federal approval will need to provide details about their operations, reserves, liquidity and risk management arrangements.The OCC has proposed weekly and quarterly reporting requirements, while anti money laundering and sanctions regulations are being handled through a separate rulemaking process.In an October 21 announcement, the OCC said the final rule covers permitted payment stablecoin issuers operating under its jurisdiction, certain foreign issuers, and crypto custody activities carried out by federally supervised financ","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"OCC 在 1 月截止日期前敲定 GENIUS Act 规则","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/422b108e549d76ac52b2e5e0570bc9f2","symbols_score_info":{"CIR":0.6,"OCC":1.5,"CRCL":0.88,"CRCA":0.6,"CCUP":0.6,"BLCK":0.6,"IBLC":0.6,"BKCH":0.6,"CRCO":0.6,"ICRC":0.6,"CRCD":0.6,"CRCG":0.6},"content_text":"The Office of the Comptroller of the Currency has finalized its regulations implementing the GENIUS Act which is set to come into effect on January 18, 2027.\n\n\nSummary\n\n\n\nThe OCC has finalized federal regulations under the GENIUS Act covering stablecoin issuance, reserve backing, redemptions and supervision.\nThe new rules take effect on January 18, 2027, while existing issuers with pending applications may qualify for temporary compliance waivers.\nStablecoin issuers looking for federal approval will need to provide details about their operations, reserves, liquidity and risk management arrangements.\nThe OCC has proposed weekly and quarterly reporting requirements, while anti money laundering and sanctions regulations are being handled through a separate rulemaking process.\n\n\n\nIn an October 21 announcement, the OCC said the final rule covers permitted payment stablecoin issuers operating under its jurisdiction, certain foreign issuers, and crypto custody activities carried out by federally supervised financial institutions.\nThe regulations establish how companies must manage reserves, process redemptions, maintain risk controls, and meet reporting obligations. They cover the licensing and supervision of issuers, including circumstances in which state regulated companies may transition to federal oversight.\nTreasury Secretary Scott Bessent welcomed the decision, comparing the GENIUS Act to the National Currency Act of 1863, which established a national framework for bank issued currency.\nBessent described the legislation as a “watershed moment in American finance” and said the OCC’s regulations would provide a foundation for private sector competition and innovation in digital assets.\nOCC stablecoin rules establish reserve and redemption standards\nThe final rule outlined in the agency’s accompanying bulletin introduces a new regulatory framework under 12 CFR Part 15, covering payment stablecoin issuance, reserve assets, redemption procedures, risk management, audits, and supervisory requirements.\nIts provisions apply to subsidiaries of national banks and federal savings associations, federally qualified nonbank issuers, and certain state qualified issuers subject to OCC authority. Foreign payment stablecoin issuers operating within the relevant U.S. regulatory framework are covered as well.\nCompanies looking for federal approval must provide information about their proposed operations, management, reserves, liquidity, and financial controls. The OCC will examine these arrangements as part of its licensing process and ongoing supervision.\nThe regulations also address custody arrangements and the circumstances under which regulators may revoke or rescind an issuer’s approval.\nAlongside the new stablecoin regulations, the agency has amended existing provisions covering bank capital adequacy, prompt corrective action, supervisory assessments, and administrative procedures.\nComptroller Jonathan Gould said the agency was establishing standards for “reserve backing, redemption, and risk management,” drawing on its experience supervising federally regulated financial institutions.\n\nAt the @USOCC, we have worked diligently and expeditiously to deliver the GENIUS Act final rule ahead of schedule to support President Trump's vision and @SecScottBessent's leadership to grow the economy and lead the global digital currency revolution. Today marks the birth of…— Comptroller Jonathan V. Gould (@USComptroller) October 21, 2026\n\nThe decision follows a regulatory proposal published in February 2026, which attracted hundreds of comments from cryptocurrency businesses, community banks, industry associations, academics, and other interested parties.\nStablecoin issuers have until January 18 to comply\nWith the GENIUS Act scheduled to take effect on January 18, companies issuing payment stablecoins in the United States will generally need authorization under the new federal framework.\nThe OCC has issued separate application guidance addressing existing issuers that may not receive approval before the deadline despite submitting their applications on time.\nCompanies with substantially complete applications pending by January 18 may request temporary waivers from certain requirements while regulators review their submissions.\nUnder the legislation, eligible waivers may last up to 12 months, although the OCC expects to limit their duration to the period necessary to address the circumstances behind each request.\nThe agency said it generally expects to approve qualifying waiver requests from existing issuers unless its review identifies stronger reasons for denying them.\nIssuing payment stablecoins without the required authorization can carry criminal penalties once the law takes effect.\nApplications will be accepted after the Office of Management and Budget approves the relevant information collection requirements. The OCC has not yet announced when submissions will open.\nOnce an application is received, the regulator must determine within 30 days whether it is substantially complete and make a licensing decision within 120 days after that determination.\nReporting requirements and AML rules remain separate\nAlongside the final regulations, the OCC has published revised reporting forms for permitted domestic issuers and registered foreign stablecoin companies.\nThe proposed reporting arrangements require weekly information on stablecoin activity and reserves, alongside quarterly financial reports covering issuers’ financial condition and income.\nSubject to federal approval, the weekly reporting requirements would begin with the January 25, 2027 reporting date, followed by quarterly reporting beginning March 31.\nThe revised forms remain open for public comment for 30 days following their publication in the Federal Register.\nSeparately, requirements concerning the Bank Secrecy Act, anti-money laundering controls, and Office of Foreign Assets Control sanctions are not included in the October 21 final rule.\nThe OCC previously issued a separate regulatory proposal addressing those obligations in June 2026, with the Treasury Department involved in the rulemaking process.\nThe GENIUS Act itself was enacted on July 18, 2025, establishing a federal licensing framework for payment stablecoins and restrictions on the issuance and distribution of tokens that do not meet the law’s requirements.\nThe OCC said it would continue working with other federal agencies responsible for implementing the legislation and would review its supervisory framework as the stablecoin industry develops.\n\n\n\n\n\n                Read more:\n            \n\n                Standard Chartered to absorb Zodia Custody after signing acquisition deal","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.0","shortVersion":"4.52.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2677167774","isCrawlerRequest":true}