Crypto policy reporter Eleanor Terrett shared that the U.S. Office of the Comptroller of the Currency (OCC) has issued a proposed rule to implement the GENIUS Act and is now seeking public comment.
According to Terrett’s post, the proposed framework would establish clear ground rules for permitted and foreign payment stablecoin issuers operating under OCC supervision. It would also address certain custody-related activities tied to stablecoin issuance.
🚨NEW: The @USOCC issued a proposed rule to implement the GENIUS Act today and is seeking public comment.
The framework would establish ground rules for permitted and foreign payment stablecoin issuers under OCC supervision, along with certain custody activities.
Comptroller… https://t.co/g0S4rurd4n
— Eleanor Terrett (@EleanorTerrett) February 26, 2026
What the OCC Announced
In its official statement, the OCC said stablecoins represent a “legally permissible new payment tool” and invited public feedback on a proposed regulatory framework for payment stablecoins pursuant to the GENIUS Act.
The announcement signals a move toward formalizing federal oversight for stablecoin issuers within the U.S. banking system.
What’s Included and What’s Not
Terrett noted that the proposed rule does not include Bank Secrecy Act (BSA), Anti-Money Laundering (AML), or OFAC provisions. Those elements will reportedly be addressed separately in coordination with the U.S. Treasury.
Comptroller Jonathan Gould stated that the objective is to create a regulatory environment in which stablecoins can “flourish in a safe and sound manner.”
Why It Matters
If finalized, the rule would provide greater clarity for stablecoin issuers seeking to operate under OCC supervision, potentially paving the way for more formal integration between digital dollar issuers and the U.S. banking system.
The public comment period now opens the door for industry participants and stakeholders to shape the final structure of federal stablecoin oversight.
