OCC may publish final GENIUS Act rules by end of October
- —Gould said the final rule is coming "soon", ahead of the November target
- —The February draft required 10% of reserves in cash and 30% convertible within five business days
- —New issuers would face a $5 million minimum capital requirement
- —Core provisions of the law take effect on January 18, 2027
Why it matters: The rules will determine which stablecoin issuers can operate in the US and how much reserve liquidity will cost them.
Source: Blockmedia