OCC Chief Says Final GENIUS Act Rules May Be Issued Before End of October
Summary
- The Office of the Comptroller of the Currency, or OCC, said final implementation rules for the stablecoin legislation GENIUS Act are expected to be released before the end of this month.
- OCC chief Jonathan Gould said at the Milken Institute's "Building the New Digital Economy" event, held alongside DC Fintech Week, that the final GENIUS Act rules are expected before the end of October.
- The GENIUS Act is legislation intended to establish a US stablecoin regulatory framework, and the OCC is drafting the detailed rules for its implementation.
Forecast Trend Report by Period
The Office of the Comptroller of the Currency is poised to publish final implementation rules for the GENIUS Act, the US stablecoin law, before the end of this month.
Crypto in America host Eleanor Terrett reported on October 15 that OCC chief Jonathan Gould expects the final rules for implementing the GENIUS Act to be released before the end of October.
Gould made the remarks at the Milken Institute's "Building the New Digital Economy" event, held alongside DC Fintech Week.
The GENIUS Act is designed to establish a US regulatory framework for stablecoins. The OCC is drafting the detailed rules needed to put the law into effect.
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