The U.S. Office of the Comptroller of the Currency (OCC) has announced proposed rulemaking to implement the National Innovation for Stablecoins (GENIUS) Act.
This initiative aims to establish the rules of the game for publishers under its jurisdiction and define safety and sanity standards for the industry.
The proposed regulation is 60-day public consultation period Market participants and other stakeholders can submit comments on the regulations governing permitted payment stablecoin issuers and foreign issuers.
Comptroller of the Currency Jonathan V. Gould emphasized that the goal is to create a framework that: The sector can safely and securely thrivereflecting a wide range of industry perspectives.
The specific purpose of initiating this public comment period is to obtain a broad range of perspectives from the Bitcoin and cryptocurrency industry itself and other stakeholders to ensure that the final rule is effective and practical.
As reported by CriptoNoticias, the GENIUS Act, which was approved by the House of Representatives with a majority of 307 votes on July 29, 2025, represents the first comprehensive legislative effort to regulate stablecoins in a North American country.
Auditor’s powers conferred by law
Among the key points of the OCC proposal is exclusive authority to supervise, regulate, and inspect eligible federal issuers (such as national trust banks) while avoiding duplication of state regulatory burdens.
Additionally, regulations impose strict standards on where and how reserve assets must be held, requiring that: At least 10% of this is held as deposits or insured shares.
The regulation also establishes guidelines for custody activities conducted by entities supervised by the OCC. Use your account under strict security practices and the obligation to maintain complete books and records in English.
It is important to note that this proposal does not address aspects related to the Bank Secrecy Act or OFAC sanctions, which the OCC has made clear will be addressed in separate regulations in coordination with the Treasury Department.
The implementation of the GENIUS Act comes amid intense legislative activity in the United States, with projects such as the Clarity Act (which is stalled in the Senate) and a ban on central bank digital currencies (CBDCs) also moving forward.
Regulators expect that These regulations will continue to evolve. As business practices in the digital currency field develop in the coming years.
According to the definition proposed by the OCC, a payment stablecoin is a digital asset designed to be used as a means of payment or settlement, and whose issuer is obligated to redeem it for a fixed monetary value.