ABA Raises Concerns as OCC Finalizes Controversial GENIUS Act Rules for Stablecoins

10/21/2026

The OCC finalizes its GENIUS Act stablecoin rule, setting issuer standards and dropping a proposed presumption against certain third-party rewards.

10/21/2026

The Office of the Comptroller of the Currency’s final rule covers payment stablecoin issuance and some custody activities, with the GENIUS Act framework taking effect in mid-January.

10/21/2026

The GENIUS Act dispute highlights a divide between banks and crypto platforms over stablecoin rewards, deposit competition and the scope of federal oversight.

10/21/2026

The U.S. Office of the Comptroller of the Currency is the first of several federal agencies to finish writing regulations under the act.

10/21/2026

Banking advocacy organizations are pushing back against the OCC’s finalized rules on a stablecoin law, arguing against changes to provisions on yield.