OCC and Treasury Department Issue Requests for Comments on GENIUS Act Proposed Implementation Rulemakings

The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act or Act) was signed into law in July 2025, establishing a regulatory framework for payment stablecoins and their issuers. As part of the Act’s implementation process, the Act explicitly directed federal and state regulatory agencies to issue regulations on several topics, including reserve requirements, application processing, and standards for state-level regulatory regimes….
By: Stinson LLP