OCC Implementation of GENIUS Act — National Bank Stablecoin Issuance
Current understanding
The OCC proposed implementing rules for how national banks, federal savings associations, federal branches/agencies, and other OCC-supervised entities may issue payment stablecoins and conduct related activities under the GENIUS Act. The rules address permissibility, activity scope, risk-management, and supervisory expectations for Permitted Payment Stablecoin Issuers within the OCC’s chartering and supervisory perimeter, paralleling implementing rules proposed by the FDIC, NCUA, and Federal Reserve. Status: proposed rule.
Evidence log
- 2026-10-23 — Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the Office of the Comptroller of the Currency: cross-connection with ncua-genius-act-stablecoin-issuance: Parallel chartering-agency implementing rules under the GENIUS Act — OCC for national banks and NCUA for credit unions — defining who, within each supervisory perimeter, may issue payment stablecoins. (novelty: 3)
Open questions
Related
Contributing findings
Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the Office of the Comptroller of the Currency
23-oct-2026
novelty 3
per-area 3
introduces