US OCC begins drafting rules to implement the GENIUS Act, solicits comments on stablecoin regulation
Minseung Kang
Summary
- The US Office of the Comptroller of the Currency (OCC) said it has launched a rulemaking process related to stablecoin regulation.
- It said the OCC released a proposed rulemaking to implement the GENIUS Act and requested public comment on stablecoin regulation.
- It said the OCC will use the process to set specific enforcement standards for the GENIUS Act, with a focus on collecting input from market participants and stakeholders.
The US Office of the Comptroller of the Currency (OCC) has launched a rulemaking process related to stablecoin regulation.
On the 26th, Cointelegraph reported via X (formerly Twitter) that “the OCC released a proposed rulemaking to implement the GENIUS Act and requested public comment on stablecoin regulation.”
According to the report, the OCC plans to use this rulemaking process to establish detailed enforcement standards for the GENIUS Act. It is expected to focus in particular on gathering input from market participants and stakeholders.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
