OCC targets November for final GENIUS Act rules

The Office of the Comptroller of the Currency has set a November target for completing its GENIUS Act regulations after receiving industry feedback on its proposed stablecoin framework. Summary The OCC expects to finalize its main GENIUS Act regulations by November. Industry comments could change parts of the stablecoin proposal before publication. The rules cover reserves, redemptions, supervision, custody, and issuer applications. Digital asset approval activity has risen eightfold under the current administration, according to Jonathan Gould. Crypto journalist Eleanor Terrett reported in an Aug. 19 X post that Comptroller of the Currency Jonathan Gould disclosed the timetable during the Wyoming Blockchain Symposium, an event presented by SALT and Kraken in Jackson Hole. 🚨NEW: On stage at @SALTConference in Wyoming, @USComptroller says digital asset chartering activity has increased eightfold since the Biden administration, calling the previous administration’s effort to eliminate risk “extremely shortsighted.”He says the OCC expects to…— Eleanor Terrett (@EleanorTerrett) August 19, 2026 According to Terrett, Gould said the OCC would adjust the final regulations in response to co...