Payment Stablecoin Issuance, Offer, and Sale (GENIUS Act)

Current understanding

To be populated as evidence accumulates.

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 occ-genius-act-stablecoin-issuance: Treasury’s section 3 issuer-eligibility rule under the GENIUS Act sets who may issue stablecoins federally; the OCC rule governs how OCC-supervised entities within that eligible universe may actually conduct issuance activities. (novelty: 3)
• 2026-09-29 — Implementing the Federal Reserve Board’s Responsibilities Under the GENIUS Act: cross-connection with payment-stablecoin-issuers: Fed’s issuer-conduct rules (including the anti-tying prohibition) sit atop Treasury’s cross-cutting GENIUS Act issuance/offer/sale framework. (novelty: 3)
• 2026-09-29 — Application Procedures for Board-Supervised Insured Depository Institutions Seeking Approval for a Subsidiary To Issue Payment Stablecoins: cross-connection with genius-act-payment-stablecoin-issuance: The Fed’s bank-subsidiary application procedures sit atop Treasury’s section 3 issuer-eligibility rules governing who may issue, offer, or sell payment stablecoins. (novelty: 3)
• 2026-09-30 — Forms and Procedures for Review of State Certifications by the Stablecoin Certification Review Committee: cross-connection with stablecoin-state-certification-review: State certification review is the pathway by which state-regulated issuers qualify to issue payment stablecoins under the GENIUS Act regime. (novelty: 2)
• 2026-08-18 — GENIUS Act Regulations on Payment Stablecoin Issuance, Offer, and Sale: Treasury issued a proposed rule implementing GENIUS Act section 3 to define who may lawfully issue, offer, or sell payment stablecoins in the United States, establishing the federal issuer-eligibility perimeter for the stablecoin market. (novelty: 3)

Open questions

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