The OCC just locked down its final rules for the GENIUS Act and it’s giving major regulatory vibes rn fr. 🖤 This setup nails the requirements for allowed payment stablecoin issuers plus foreign ones under their watch and some custody moves too.
OCC Seals Stablecoin Guidelines 🌙
Reserve backing redemption and risk management sit right in the core of this fresh framework lol. US Treasury Secretary Scott Bessent dubbed the GENIUS Act a watershed moment in American finance. He added that just as President Abraham Lincoln’s National Currency Act of 1863 set up a national framework for bank issued currency the GENIUS Act builds a federal one for payment stablecoins in the digital age.
The OCC snagged hundreds of comments from crypto firms community banks and academics on their draft and the final version skips the Bank Secrecy Act anti money laundering and sanctions parts since those get their own process with Treasury. 🦇 Applications for new issuers drop in a later announcement but the whole thing kicks off January 18 2027.
Fed Drops Fresh Stablecoin Ideas 🔮
The GENIUS Act signed into law back in July 2025 had regulators missing a July 18 2026 deadline for the full rules. In September the Federal Reserve put out two proposals for issuers and banks under its eye. 💸 The OCC plans to keep tweaking its approach as the space grows. 🚀
Just another echo from the void by iconofsin.eth 💖
