TokenPost topic
GENIUS Act
90 TokenPost stories are tagged GENIUS Act. The newest appear first.
Latest GENIUS Act stories
- OCC Final Rule Leaves Stablecoin Rewards to Case-by-Case Review
The rule removes a proposed presumption against some issuer-platform arrangements while keeping the GENIUS Act’s yield ban in force.
· Regulation
- Coinbase Asks Treasury to Clarify Foreign Stablecoin Payment Rules
The request concerns cross-border payments in which U.S. customers do not buy, hold or acquire rights to the foreign-issued tokens.
· Regulation
- Treasury Finalizes Nationwide Rule for Payment Stablecoins Under GENIUS Act
The framework implements a law enacted last year and aims to strengthen consumer protections while supporting financial technology innovation.
· Regulation
- Circle CEO Says U.S. Stablecoin Rules Are Taking Shape, Downplays Bitcoin (BTC) Moves
Jeremy Allaire sees digital dollars serving payments and artificial intelligence (AI) agents. The proposal would set reserve and redemption standards and prohibit issuers from paying interest to holders.
· Regulation
- OCC Stablecoin Proposal Would Require Full Reserves and Par-Value Redemptions
Circle CEO Jeremy Allaire said bipartisan support for the GENIUS Act could give the industry more policy certainty, while broader U.S. crypto market-structure legislation has not advanced.
· Regulation
- Coin Center Amplifies Laz Pieper Response on GENIUS Act Rules
The social media post concerns Treasury regulations and the law’s implications for payment stablecoin issuance.
· Regulation
- ABA Criticizes OCC Stablecoin Rule as Industry Groups Split on Yield
The ABA argues issuers may still route rewards through third parties. The Blockchain Association endorsed the specific change to the yield presumption as closer to the statute’s wording.
· Regulation
- ABA Bankers Criticize OCC Rule That Omits Proposed Yield Limits
The final GENIUS Act rule omits proposed limits on stablecoin rewards offered through crypto platforms. ABA bankers say the change preserves the current approach.
· Regulation
- Bessent Compares GENIUS Act to Lincoln-Era Banking Reform
The OCC rule covers reserves, redemptions and related services. U.S. payment stablecoin issuers generally will need approval starting Jan. 18, 2027.
· Regulation
- ABA Says OCC Rule Leaves Crypto Platforms’ Stablecoin Rewards in Place
The OCC removed proposed limits on stablecoin yield. The ABA’s chief executive warned against waiting for bank deposits to leave before responding.
· Regulation
- OCC Final Rule Drops Proposed Presumption Against Stablecoin Rewards
Issuer-paid interest remains barred, while third-party reward programs face case-by-case review. The rule takes effect Jan. 18, 2027.
· Regulation
- OCC Sets Jan. 18, 2027, Start Date for U.S. Stablecoin Rules
The rules require permitted issuers to back outstanding payment stablecoins with eligible reserves worth at least 1:1.
· Regulation
- OCC Finalizes GENIUS Act Rule Without Safe Harbor for Existing Rewards
The rule takes effect Jan. 18, 2027, and bars issuers from paying yield solely for holding, using or retaining a payment stablecoin.
· Regulation
- OCC Finalizes Stablecoin Rules, Moves Third-Party Yield to Case Review
The rule takes effect Jan. 18, 2027, and requires timely redemptions within two business days.
· Regulation
- OCC Sets Stablecoin Issuer Standards Before GENIUS Act Deadline
Applications will open after federal approval of the forms; the OCC has not announced a start date.
· Regulation
- OCC Sets 5% On-Demand Reserve Floor for Stablecoin Issuers
Issuers under OCC oversight must fully back outstanding payment stablecoins and generally process qualifying redemptions within two business days.
· Regulation
- OCC Denies Automatic Compliance for Existing Stablecoin Rewards Programs
The first final federal banking rule under the GENIUS Act removes a proposed presumption against certain third-party arrangements. The rule takes effect Jan. 18, 2027.
· Regulation
- OCC Finalizes Stablecoin Issuer Rules Ahead of Jan. 18 Deadline
A separate restriction on service providers offering stablecoins from nonpermitted issuers begins July 18, 2028, subject to exceptions.
· Regulation
- New York and Wyoming Set Six-Month Target for Crypto License Reviews
The OCC has approved or conditionally approved at least 13 national trust charters for crypto firms since President Donald Trump took office.
· Regulation
- Andreessen Horowitz Urges New York to Rework Stablecoin Rules
The firm wants New York to wait for final federal standards before replacing its proposed rule for payment stablecoin issuers.
· Regulation
- Senate Fails to Advance CLARITY Act as SEC Proposes Crypto Rules
The House-passed bill failed a 49-50 Senate cloture vote. A separate payment-stablecoin law is scheduled to take effect Jan. 18, 2027.
· Regulation
- National Cryptocurrency Association Urges Treasury to Protect Stablecoin Holders
A broader restriction on covered providers’ stablecoin sales begins July 18, 2028, but it does not require holders to dispose of coins they already own.
· Regulation
- Kevin O’Leary Calls Stablecoins Crypto’s Safest Category
When it takes effect, the GENIUS Act will require 1:1 identifiable reserves for permitted payment stablecoin issuers. It will not provide a U.S. government guarantee or federal deposit insurance.
· Regulation
- Blockchain Association Seeks Explicit Exemptions in GENIUS Act Rule
The group also wants Treasury to clarify when firms trading their own assets fall outside the rule’s service-provider definition.
· Regulation
- Blockchain Association Urges Treasury to Narrow Stablecoin Rule's Reach
The group wants clearer treatment of self-custody tools, secondary trading and foreign-issued coins under the GENIUS Act.
· Regulation
- USDC and USDT Yield Offers Rely on Six Different Payment Sources
A fund share, a lending position and a platform reward can each show a return, but they leave customers with different claims, access terms and risks.
· Investing
- Gould Says OCC Could Issue GENIUS Act Rule by October End
The expected timing is earlier than Gould’s August forecast of a final rule by November. A separate New York-Wyoming agreement coordinates state oversight.
· Regulation
- CryptoUK Webinar Weighs Clear Stablecoin Rules for Financial Firms
Velocity Chief of Staff Leila Foulon joined the Sept. 10 panel. In the U.S., major GENIUS Act regulations for stablecoin issuers remain pending.
· Regulation
- Stripe and Plasma Plan Stablecoin Cards Across Five Fiat Currencies
Plasma will serve as a design partner as Stripe works toward automatic currency selection across multiple account balances.
· Business
- Tether Deal Earned Nxum $6.3M as Hines Pushed Longer Stablecoin Deadline
The former White House crypto adviser held a one-third stake in Nxum and urged lawmakers to extend the GENIUS Act compliance period from 18 months to 36 months.
· Regulation
- Tether Paid More Than $6 Million to Hines-Linked Firm During GENIUS Act Push
Nxum, co-founded by former White House crypto adviser Bo Hines, shared the payments among its three partners.
· Regulation
- FASB Proposal Could Let Some Stablecoins Count as Corporate Cash
The proposal would require companies to hold direct redemption rights with issuers, excluding tokens bought through exchanges from automatic eligibility.
· Regulation
- NCUA Proposes 26 Stablecoin Reporting Accounts for Credit Unions
The proposed Schedule J would track reserve custody, key control, issuer exposure and stablecoins held on credit union balance sheets beginning with the March 31, 2027, report date.
· Regulation
- Rain Applies to Establish a New York National Trust Bank
The proposed bank would serve institutional clients with custody and stablecoin services while operating as a separately capitalized subsidiary under OCC supervision.
· Regulation
- GENIUS Act Sets Federal Rules for Payment Stablecoin Issuers
The law requires at least 1-to-1 reserves for permitted payment stablecoin issuers. The a16z Crypto Korea Summit in Seoul is scheduled for Oct. 1 with a focus on institutional finance moving onchain.
· Regulation
- Sen. Steve Daines Introduces ADAPT Act for Digital Asset Taxes
The proposal would exempt qualifying stablecoin purchases from transaction-by-transaction capital-gains calculations while extending some anti-avoidance rules to digital assets.
· Regulation
- Treasury Official Luke Pettit to Leave Department for Private Sector in October
Pettit led the Trump Accounts program for children and worked on legislation related to the GENIUS Act and CLARITY Act.
· People
- Federal Reserve Seeks Comment on GENIUS Act Stablecoin Rules
The proposals would establish a framework for regulated payment stablecoin issuers through full-reserve requirements and an approval process.
· Regulation
- Fed Proposes Stablecoin Rules With Full Reserves, Capital Charges
The proposals would require one-to-one reserve backing, set risk-based capital charges and establish a tailored approval process for supervised banks seeking to issue stablecoins.
· Regulation
- Fed Proposes Two-Day Redemptions, Capital Rules for Stablecoin Issuers
The proposal would require risk-based capital, 1:1 reserve backing and monthly reserve disclosures as the GENIUS Act moves toward implementation.
· Regulation