HISTORIC: OCC Issues First Final Rule Under GENIUS Act! 🏛️
Treasury finally broke the deadlock. On Sept 30, 2026, the first binding final rule under the GENIUS Act went live — Treasury's Stablecoin Certification Review Committee procedures (Fed Register 2026-19966).
The big one from OCC? Comptroller Jonathan Gould confirmed final federal stablecoin rules expected by Oct 31, 2026 — earlier than November target. This is the first full federal framework under Public Law 119-27.
What's inside: $10B line — issuers ≥$10B outstanding (Tether $184B, Circle $73.4B) must transition to federal OCC supervision within 360 days.
State issuers < $10B can stay under qualifying state regime.
Core rules: 1:1 backing with cash, insured deposits, T-bills ≤93-day maturity, no corporate bonds. Monthly attestations, CEO/CFO certification, no yield to holders, priority claim for holders in insolvency.
Effective date locked: Jan 18, 2027 — 91 days away. Every issuer in US is now complying with a law whose final operational rules are finally arriving.
Bullish for USDC?
$USDC - Circle already OCC trust charter, biggest winner
$USDT - Must move to federal framework within 360 days
$PYUSD - State pathway test case, NY regime must get certified
#GENIUSAct #OCC #Stablecoin #CryptoRegulation #USDC
#occissuesfirstfinalruleundergeniusact