US OCC commits to November GENIUS Act finalization date

Jonathan Gould, the Comptroller of the Currency of the United States, has said that the office will publish its final rulebook for payment stablecoins by November.

Gould delivered the GENIUS Act commitment during a fireside chat at the Wyoming Blockchain Symposium in Jackson Hole on August 19. 

He said, “So we are very intent on moving quickly and getting a final rule out by November so that we will be able to start processing applications within the new year.” Gould also stated that the Office of the Comptroller of the Currency (OCC) “will have a final rule out by November” once it finishes weighing industry feedback.

Federal agencies were supposed to lock in their GENIUS rules by July, one year after enactment of the Act. However, that date came and went without a finished OCC rule. 

The statutory deadline was meant to be July 18, 2026. The new deadline per the Comptroller is November, and if the OCC delivers before that timeline, it will still be ahead of the law’s own effective date of January 18, 2026. 

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