OCC Advances U.S. Digital Asset Leadership with Final Rule to Implement GENIUS Act – Office of the Comptroller of the Currency (OCC) (.gov)

OCC Advances U.S. Digital Asset Leadership with Final Rule to Implement GENIUS Act  Office of the Comptroller of the Currency (OCC) (.gov)

The Office of the Comptroller of the Currency (OCC) today announced a final rule to implement the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a final rule to implement the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. “The GENIUS Act marks a watershed moment in American finance, further cementing the United States as the crypto capital of the world. Just as President Abraham Lincoln’s National Currency Act of 1863 established a national framework for bank-issued currency, the GENIUS Act establishes a federal framework for payment stablecoins in the digital age,” said U.S. Secretary of the Treasury Scott Bessent.

“The OCC’s final rule carries that landmark legislation forward, providing a clear, practical foundation for private-sector innovation, competition, and American leadership in digital assets.” “Today’s final rule advances President Trump and Secretary Bessent’s vision for American leadership in digital assets,” said Comptroller of the Currency Jonathan V. Gould. “We are providing a clear, practical framework for payment stablecoin innovation, with strong standards for reserve backing, redemption, and risk management. The OCC is drawing on its longstanding supervisory expertise to support responsible growth and innovation for this new industry.” The final rule establishes requirements for permitted payment stablecoin issuers and foreign payment stablecoin issuers under the