OCC drops proposed affiliate rewards presumption, but stablecoin yield ban stays
Photo: CryptoSlate
The Office of the Comptroller of the Currency (OCC) dropped a proposed presumption against certain stablecoin rewards routed through affiliates or related third parties in its Oct. 21 final GENIUS Act rule. The rule retains the prohibition on issuers paying holders interest or yield solely for holding, using or retaining a payment stablecoin, with older rewards programs facing the same scrutiny as newer ones. The rule takes effect on Jan. 18, 2027 . It covers permitted and foreign payment stablecoin issuers within the OCC’s jurisdiction and certain custody activities by OCC-supervised entities. Comptroller Jonathan V.
Source: CryptoSlate
