Tag: payment_stablecoins
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Comptroller Gould Touts OCC Efforts to Help Community Banks Thrive
Comptroller Jonathan V. Gould told the Ohio Bankers League the OCC is cutting regulatory burden and giving community banks a path to issue payment stablecoins under the GENIUS Act.
BusinessPolitics and GovernmentBankingEconomyFinancial MarketsFederal Government Office of the Comptroller of the CurrencyJonathan V. Gouldcommunity banksGENIUS Actpayment stablecoinsOhio Bankers LeagueCommunity Bank ComebackOffice of the Comptroller of the Currency (OCC)
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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
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OCC Comptroller Gould Highlights Digital Asset Boom and Stablecoin Regulation
Comptroller Jonathan V. Gould discussed the OCC's role in the digital currency revolution, noting an eightfold increase in digital asset bank charter applications and rapid progress on the GENIUS Act to regulate payment stablecoins.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyBankingFinancial MarketsComputers and Internet Jonathan V. GouldOffice of the Comptroller of the CurrencyDigital AssetsPayment StablecoinsGENIUS ActWyoming Blockchain SymposiumFinancial RegulationOffice of the Comptroller of the Currency (OCC)
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Treasury Seeks Public Comment on GENIUS Act Stablecoin Regulations
The U.S. Treasury has issued a Notice of Proposed Rulemaking for the GENIUS Act, seeking public comment on new regulations for payment stablecoins. This aims to provide clarity for licensing and market access, fostering innovation and cementing the U.S. dollar's…
Politics and GovernmentBusinessScience & TechnologyGeneral PoliticsFederal GovernmentEconomyFinancial MarketsComputers and Internet US Department of the TreasuryGENIUS ActPayment StablecoinsProposed RulemakingScott BessentDigital AssetsCryptocurrency RegulationUS Treasury