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First out the gate: OCC debuts final rule implementing Trump-signed GENIUS Act
OCC's first final rule implementing the Trump-signed GENIUS Act signals early regulatory action.
Context
What happened: The OCC published its final rule implementing the GENIUS Act stablecoin law, effective Jan. 18. The final rule drops a proposed presumption on third-party rewards arrangements.
Key numbers: Effective date Jan. 18.
Why it matters: The OCC is the first regulator out with a final rule under the Trump-signed GENIUS Act, and the removal of the rewards presumption changes how third-party arrangements are treated.
Coverage: 4 outlets in 24h
What changed
The OCC published its final rule implementing the GENIUS Act stablecoin law, effective Jan. 18. The final rule drops a proposed presumption on third-party rewards arrangements.
Why it matters
The OCC is the first regulator out with a final rule under the Trump-signed GENIUS Act, and the removal of the rewards presumption changes how third-party arrangements are treated.