US Banking Regulator Accelerates Efforts on Stablecoin Rules
US Banking Regulator Accelerates Efforts on Stablecoin Rules
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The Office of the Comptroller of the Currency (OCC) is reportedly expediting its work to finalize rules for stablecoins under the GENIUS Act. OCC Comptroller Jonathan Gould stated at the Wyoming Blockchain Symposium that the agency is pushing to meet a January statutory deadline, having previously missed an earlier July target for these crucial regulations.
Banking Regulator Races to Finalize GENIUS Act Stablecoin Rules
OCC Comptroller Jonathan Gould told the Wyoming Blockchain Symposium the agency is moving at a rapid pace to beat a January statutory deadline, after already missing an earlier July target. This accelerated effort underscores the urgency in establishing clear regulatory frameworks for stablecoins within the US banking system.