OCC issues final GENIUS Act rules for payment stablecoins
- —Rules take effect on 18 January 2027, matching the GENIUS Act's effective date
- —Proposed rebuttable presumption on affiliate and third-party interest was removed
- —OCC received hundreds of comments from crypto firms, banks, trade groups and academics
- —BSA, AML and OFAC sanctions requirements will be drafted separately with Treasury
Why it matters: The rules set a federal framework for stablecoin issuers in the US and reduce uncertainty over stablecoin yield.
Source: CoinPost