Tag: federal_qualified_payment_stablecoin_issuers
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OCC Issues Final Rule Implementing GENIUS Act Stablecoin Framework
The rule, effective January 18, 2027, sets reserve, redemption, custody and risk management standards for payment stablecoin issuers under OCC jurisdiction, with a separate rulemaking to follow on Bank Secrecy Act, anti-money laundering and sanctions requirements.
BusinessPolitics and GovernmentScience & TechnologyBankingFederal GovernmentLegalFinancial MarketsComputers and Internet Office of the Comptroller of the CurrencyGENIUS Actpayment stablecoinsstablecoin regulation12 CFR 15federal qualified payment stablecoin issuersDigital Assets & TokenizationOffice of the Comptroller of the Currency (OCC)Scott BessentJonathan V. Goulddigital assetscryptocurrency regulation