The Office of the Comptroller of the Currency (OCC) is asking the public and industry participants to share feedback on its proposed rules to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) , a new U.S. law aimed at regulating stablecoins.
As stated in the official release, “comptroller Jonathan V. Gould stated that the aim is to develop a framework that enables innovation in the stablecoin industry while ensuring the financial system is safe and stable.”
The GENIUS Act was passed in July 2025 and established the first national regulatory framework for payment stablecoins, providing guidelines on who can issue them, how reserves should be managed, and how assets should be protected.
The OCC’s proposal focuses on rules required under the law, while regulations tied to other areas, such as anti-money-laundering compliance, will be addressed separately in future rulemaking.
The OCC is giving a 60-day window for feedback on the proposal.
OCC proposal details oversight of stablecoin issuers
The OCC’s 376-page proposal outlines how it will oversee stablecoin issuers under the GENIUS Act. The plan clarifies that the OCC will supervise several types of issuers.
This would also include subsidiaries of national banks, federally approved stablecoin issuers, qualified state issuers, and some foreign issuers that do business in the U.S. lists the rules that must be followed to make sure that stablecoins are fully backed by easily identifiable, highly liquid assets.
The amount of capital and liquidity needed would depend on how risky each issuer was. This proposal would also require issuers to redeem their stablecoins within two business days and have strong risk management practices that cover things like cybersecurity, operational risks, and third-party service providers.
OCC move part of broader U.S. push to implement GENIUS Act
The OCC’s proposal is part of a wider, coordinated push by U.S. regulators to put the GENIUS Act into action.
Some of the major financial regulators, such as the Federal Reserve, Federal Deposit Insurance Corporation, and National Credit Union Administration, are collaborating to formulate regulations that will determine the regulatory environment for stablecoins in the U.S. financial system.
The act is expected to come into effect either 18 months after it was enacted, which would be January 18, 2027, or earlier if the regulations are formulated by the regulators.