🟠 GENIUS Act rules are final, but the OCC has not opened applications. January 18 is the start date, and new waiver guidance shows how an existing issuer could keep minting while a decision is pending. The waiver, not the rulebook, decides who stays live. Watch window timing and first approvals.

Will the OCC waiver path protect incumbent stablecoin issuers, or just entrench them while newcomers wait? 👇

#genius #occ #stablecoins #waiver #regulation