GENIUS Act: OCC Gives Stablecoin Rewards No Free Pass
Photo: Coindoo
Key Takeaways Case-by-case review replaces the February yield test. Platform rewards can face scrutiny through issuer payments. Rule takes effect January 18, 2027. Existing issuers can request temporary operating waivers. The Office of the Comptroller of the Currency published the rule on October 21 , becoming the first federal banking regulator to finalize its GENIUS Act regulations. It covers stablecoin subsidiaries of national banks and federal savings associations, nonbank federal qualified issuers, some state issuers under its enforcement reach, and foreign issuers registered with it. What the OCC dropped, and why The February proposal targeted one specific route for yield.
Source: Coindoo
