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OCC Finalizes GENIUS Act Rules for Stablecoins
The Office of the Comptroller of the Currency (OCC) has finalized rules for the GENIUS Act, establishing requirements for payment stablecoin issuers and custody activities under its jurisdiction. US Treasury Secretary Scott Bessent hailed the GENIUS Act as a significant advancement in American finance, likening it to historical banking legislation. The final rule will take effect on January 18, 2027, with the OCC planning to monitor the stablecoin industry and make necessary adjustments to its supervisory approach.