OCC Lays Out Framework for Regulated Stablecoins Under GENIUS Act – Decrypt
In brief The OCC opened a 60-day comment period on draft rules implementing the GENIUS Act. The proposal prohibits anyone other than a “permitted payment stablecoin issuer” from issuing a payment stablecoin in the U.S. AML and sanctions rules will follow separately, with the Act taking effect the earlier of 18 months after enactment or…