OCC Chief Gould: GENIUS Act Final Rules Expected by End of October

A firm deadline from the OCC matters because the GENIUS Act's stablecoin framework has been a legal shell until implementing rules exist; the regulator's own timeline now becomes the binding constraint. The practical effect lands on stablecoin issuers and the banks and nonbank firms weighing whether to enter that business, since federal supervision standards will determine how viable the model is. The open question is whether the OCC holds the end-of-October line, and whether other agencies with roles under the Act move on a comparable clock.