OCC to Finalize GENIUS Act Rules by November, Adjusts to Crypto Feedback

The significance here is less the deadline than the stated willingness to adjust to industry feedback, which signals the OCC is treating stablecoin issuers as a constituency to be consulted rather than only constrained. That matters for banks and nonbank issuers weighing whether to build products around the GENIUS framework, since rule text — not the statute — will determine what compliance actually costs. The open question is how much of the industry input survives into the final language, and whether the November timeline holds.