OCC Chief Expects Final GENIUS Act Implementation Rules Before End of October
JH Kim
Summary
- The Office of the Comptroller of the Currency, or OCC, said final implementation rules for the GENIUS Act, the stablecoin regulatory law, are expected before the end of this month.
- Jonathan Gould, the OCC's comptroller, said at a Milken Institute event held alongside DC Fintech Week that the final GENIUS Act rules are expected before the end of October.
- The GENIUS Act is a law intended to establish a US stablecoin regulatory framework, and the OCC is drafting the detailed rules needed to implement it.
Forecast Trend Report by Period
The Office of the Comptroller of the Currency is expected to release final implementation rules for the GENIUS Act, the US stablecoin law, before the end of October.
Jonathan Gould, the OCC's comptroller, said the final rules for implementing the GENIUS Act should be announced before the end of October, according to Crypto in America host Eleanor Terrett on October 15.
He made the remarks at the Milken Institute's "Building the New Digital Economy" event, held alongside DC Fintech Week.
The GENIUS Act is legislation intended to establish a US regulatory framework for stablecoins. The OCC is drafting the detailed rules needed to put the law into effect.
JH Kim
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