OCC Pledges Final Stablecoin Rules by November Amid GENIUS Act Deadline Pressure

The Office of the Comptroller of the Currency (OCC) has pledged to publish its final rulebook for payment stablecoins by November. This commitment was made by Jonathan Gould, the Comptroller of the Currency, during a fireside chat at the Wyoming Blockchain Symposium in Jackson Hole on August 19.

Gould stated that the OCC will have a final rule out by November once it finishes weighing industry feedback. The agency had missed its original deadline to lock in GENIUS Act rules by July, one year after enactment of the Act. However, Gould emphasized that the new deadline is still ahead of the law's own effective date of January 18, 2026.

The GENIUS Act sets up a federal framework for payment stablecoins and was signed into law by President Donald Trump in July 2025. The rules are meant to come into force next year, making it crucial for the OCC to meet its new deadline.