ARTICLE · 12 NOVEMBER 2026
OCC Issues Final Rule Implementing The GENIUS Act, Setting The Federal Framework For Payment Stablecoins
The Office of the Comptroller of the Currency has issued a final rule implementing the GENIUS Act, establishing a comprehensive federal regulatory framework for payment stablecoin activities. This rule addresses permitted activities, reserve assets, redemption requirements, risk management, audits, supervision, and registration processes for stablecoin issuers, while notably leaving certain consumer protection law applications unresolved.
United StatesFinance and Banking
On October 21, 2026, the Office of the Comptroller of the Currency (OCC) announced a final rule implementing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The GENIUS Act, enacted on July 18, 2025, establishes a regulatory framework for payment stablecoin activities, defining a “payment stablecoin” as a digital asset designed to be used as a means of payment or settlement whose issuer is obligated to redeem it for a fixed amount of monetary value and represents that it will maintain a stable value.
The final rule addresses nearly all of the regulations the OCC is required to promulgate under the GENIUS Act—apart from Bank Secrecy Act, anti-money laundering, and OFAC sanctions requirements, which will follow in a separate rulemaking coordinated with Treasury—and implements the bulk of the framework through a new 12 CFR Part 15, covering permitted activities, reserve assets, redemption, risk management, audits and supervision, state issuer
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