US Comptroller Jonathan Gould has announced that the Office of the Comptroller of the Currency (OCC) expects to publish its final rule implementing the GENIUS Act stablecoin framework by the end of October, moving the timeline forward from the previously stated November target.
The update was delivered during the Milken Institute’s “Building the New Digital Economy” event, which was held alongside DC Fintech Week. Gould stated the agency expects the final rule “in the very near term,” according to crypto journalist Eleanor Terrett.
The GENIUS Act is designed to establish a modern regulatory framework for digital assets, with the OCC rules specifically defining how the federal banking regulator will oversee stablecoin issuers. Stakeholders across the digital asset sector are closely watching the publication because it will set compliance expectations for issuers operating under US banking supervision.
Key takeaways: The OCC previously targeted November for the stablecoin rules, but the timeline has been accelerated. The announcement signals regulatory clarity for stablecoin issuers and could influence investor confidence and trading practices. The broader crypto market has shown mixed reactions to regulatory news, but clearer guidelines may reduce uncertainty.
