Summary
- Jonathan Gould, head of the U.S. Office of the Comptroller of the Currency, said final rules to implement the GENIUS Act will be issued by November.
- Gould said at the SALT conference that the final rules to implement the GENIUS Act will be released by November and that work is moving at a very fast pace.
- The OCC previously proposed rules on reserve assets, redemption, risk management, audits and supervision for stablecoin issuers under the GENIUS Act.
Forecast Trend Report by Period
Jonathan Gould, head of the Office of the Comptroller of the Currency, said the agency plans to issue final rules by November to implement the GENIUS Act, the U.S. stablecoin law.
Cointelegraph reported on August 19 that Gould made the remarks at the SALT conference in Wyoming. He said the OCC is moving "at a very fast pace" and plans to announce the final rules by November.
The OCC previously proposed rules covering stablecoin issuers' reserve assets, redemption, risk management, audits and supervision under the GENIUS Act.
JH Kim
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