HISTORIC: OCC publishes its first final rule under the GENIUS Act! 🏛️
The Treasury has finally broken the deadlock. On September 30, 2026, the first binding final rule under the GENIUS Act took effect: the Treasury’s stablecoin certification review committee procedures (Federal Register 2026-19966).
The big OCC news? Comptroller Jonathan Gould confirmed that the final federal stablecoin rules are expected to be published by October 31, 2026, ahead of the November target. This is the first comprehensive federal framework under Public Law 119-27.
Key takeaway: the $10 billion threshold — issuers with at least $10 billion in circulation (Tether: $184 billion, Circle: $73.4 billion) must come under OCC federal supervision within 360 days.
State issuers with less than $10 billion outstanding may remain under a qualifying state regime.
Core rules: 1-to-1 backing with cash, insured deposits, or Treasury bills with a maximum maturity of 93 days; no corporate obligations. Monthly attestations, CEO and CFO certification, no yield paid to holders, and priority claims for holders in the event of insolvency.
Effective date set: January 18, 2027 — in 91 days. All issuers in the United States are now subject to a law whose final operational rules are finally arriving.
A bullish signal for USDC?
$USDC - Circle already holds an OCC trust bank charter: the big winner
$USDT - Must transition to the federal framework within 360 days
$PYUSD - Test case for the state pathway; New York’s regime must be certified
#GENIUSAct #OCC #Stablecoin #CryptoRegulation #occissuesfirstfinalruleundergeniusact
$IOST
$ALT
The Treasury has finally broken the deadlock. On September 30, 2026, the first binding final rule under the GENIUS Act took effect: the Treasury’s stablecoin certification review committee procedures (Federal Register 2026-19966).
The big OCC news? Comptroller Jonathan Gould confirmed that the final federal stablecoin rules are expected to be published by October 31, 2026, ahead of the November target. This is the first comprehensive federal framework under Public Law 119-27.
Key takeaway: the $10 billion threshold — issuers with at least $10 billion in circulation (Tether: $184 billion, Circle: $73.4 billion) must come under OCC federal supervision within 360 days.
State issuers with less than $10 billion outstanding may remain under a qualifying state regime.
Core rules: 1-to-1 backing with cash, insured deposits, or Treasury bills with a maximum maturity of 93 days; no corporate obligations. Monthly attestations, CEO and CFO certification, no yield paid to holders, and priority claims for holders in the event of insolvency.
Effective date set: January 18, 2027 — in 91 days. All issuers in the United States are now subject to a law whose final operational rules are finally arriving.
A bullish signal for USDC?
$USDC - Circle already holds an OCC trust bank charter: the big winner
$USDT - Must transition to the federal framework within 360 days
$PYUSD - Test case for the state pathway; New York’s regime must be certified
#GENIUSAct #OCC #Stablecoin #CryptoRegulation #occissuesfirstfinalruleundergeniusact
$IOST
$ALT