Digital Chamber Announces Completion of GENIUS Act Rule
Photo: Coinfomania
The Digital Chamber announces the USOCC's finalized rule under the GENIUS Act. Effective January 2027, it sets custody standards. The Digital Chamber announced that the US Office of the Comptroller of the Currency (USOCC) has finalized the first rule under the GENIUS Act, concerning reserves, redemptions, custody, and supervision. This rule is set to take effect on January 18, 2027, establishing a framework for oversight in the crypto space. Such regulatory clarity is crucial for fostering trust within the industry and ensuring compliance. The finalized rule by the USOCC marks a significant step in regulatory oversight over cryptocurrency custody.
Source: Coinfomania
