On February 25, the U.S. Office of the Comptroller of the Currency (OCC) released a proposal to implement the “Guidance and Establishment of the U.S. Stablecoin National Innovation Act” (GENIUS Act) and launched a 60-day public comment period. This marks the transition of the U.S. stablecoin regulatory framework from legislative development to concrete enforcement.
OCC Director Jonathan V. Gould stated that the regulatory framework aims to ensure the stablecoin industry develops in a safe and sound environment. The GENIUS Act, as the United States’ first federal-level legislation on payment stablecoins, took effect in July 2025. According to the law, full implementation is scheduled for 18 months after enactment, i.e., January 18, 2027, or 120 days after the issuance of final regulations by the main regulatory agencies, whichever comes first.
The 376-page proposal clarifies OCC’s jurisdiction over stablecoin regulation, covering national banks or federal savings association subsidiaries, federal qualified payment stablecoin issuers, state-licensed issuers, and certain foreign issuers. The proposal requires issuers to establish a one-to-one reserve mechanism, with reserve assets consisting of identifiable high-liquidity assets, and to set capital and liquidity standards based on risk assessments.
Additionally, issuers are generally required to redeem stablecoins at face value within two business days and to establish risk management systems covering operational transitions, cybersecurity, and third-party risks. OCC noted that related rules under laws such as the Bank Secrecy Act will be advanced through separate procedures.
As a key step in implementing the GENIUS Act, this proposal will be coordinated with the Federal Reserve, the Federal Deposit Insurance Corporation, and the National Credit Union Administration to develop regulations. As regulatory details become clearer, the U.S. payment stablecoin oversight system is forming a more binding and operational regulatory foundation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Justin Sun Blasts World Liberty Financial's Governance Proposal as "Coercion," Escalating Trump Altcoin Feud
Tensions escalated between Tron founder Justin Sun and Trump-backed WLFI over a controversial governance proposal that penalizes dissenting voters. Sun criticized the proposal as coercive and absurd, alleging WLFI attempted to monopolize power.
GateNews1h ago
DeFi Sector Faces Multiple Pressures as Yields Fall and $285M Hack Raises Security Concerns
Decentralized finance (DeFi) is under pressure as lending yields drop to levels similar to traditional bonds, blockchain activity declines, and a significant hack raises security concerns, challenging claims of institutional-grade safety.
GateNews1h ago
UK's FCA Launches Consultation on Crypto Regulatory Framework, New Authorization Opens September 2026
The UK FCA has released a consultation on regulating stablecoins, trading platforms, and related services, closing on June 3, 2026. The new framework aims for implementation in 2027, as crypto regulation in the UK currently lags behind Europe.
GateNews2h ago
France to Introduce New Measures to Combat Crypto-Related Kidnappings, 41 Cases Reported in 2026
France is implementing new measures to protect cryptocurrency holders in response to rising crime, including a prevention platform and stricter protocols. The country has seen a significant increase in crypto-related kidnappings, leading global incidents.
GateNews2h ago
Cato Institute Criticizes U.S. Bitcoin Tax Rules as Barrier to Payments, Calls for Reform
The Cato Institute criticizes U.S. bitcoin tax policies for complicating transactions and hindering adoption. They propose reforms like eliminating capital gains taxes on small crypto payments and increasing exemption thresholds for better usability.
GateNews2h ago
Central African Republic Approves Cryptocurrency Regulation Bill, Not Bitcoin Legal Tender
The Central African Republic's parliament approved a cryptocurrency regulation bill, legalizing its use in financial markets while imposing strict penalties for offenses. The regulation aims to streamline remittances and provide access to digital currencies, despite concerns over crime and donor disbursements.
GateNews3h ago
