Treasury closes comment window on GENIUS Act stablecoin rule as final rules lag
- —Treasury's NPRM posed 87 questions on issuer licensing, reserve composition and foreign stablecoin access
- —The July 18, 2026 deadline for final GENIUS Act rules passed with no rules finalized
- —The OCC expects to publish its final stablecoin rule by November 2026
- —The $10 billion market cap threshold forces USDT and USDC into the federal OCC regime
Why it matters: Exchanges must document a compliance rationale for listing USDT by January 18, 2027, with penalties of up to $1 million per violation.
Source: Coinpedia