OCC Sets November 2026 Deadline to Finalize GENIUS Act Crypto Regulation
The clock is ticking for federal regulators trying to turn last year’s landmark stablecoin law into an actual rulebook, and the agency that oversees the nation’s biggest banks says it’s almost there. The Office of the Comptroller of the Currency now expects to finalize its GENIUS Act crypto regulation by November 2026, according to Comptroller Jonathan Gould, who laid out the timeline this week at the Wyoming Blockchain Symposium in Jackson Hole.
Key takeaways
- The OCC expects to finalize its main GENIUS Act rule by November 2026, roughly four months after missing the law’s original one-year statutory deadline.
- Comptroller Jonathan Gould said the agency wants applications from stablecoin issuers moving before the GENIUS Act’s January 2027 effective date.
- The rule would govern reserves, redemptions, custody, supervision, and issuer applications for payment stablecoins.
- Gould said digital asset chartering activity at the OCC has risen eightfold compared with the Biden administration.
- Congress’s broader Clarity Act, meant to regulate crypto markets more comprehensively, remains stalled and unlikely to pass this year.
OCC Plans to Finalize GENIUS Act Rule by November 2026
The short answer to “when will this rule actually land” is November 2026 — that’s the date Gould committed to publicly, and it comes with a practical reason attached. “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 said at the SALT-hosted event, according to The Block.
… Continue reading the full article at the original source below.
