OCC Races to Finalize GENIUS Act Stablecoin Rules

The OCC missing its own July target and now racing a January statutory deadline matters less for the stablecoin market than for the credibility of the GENIUS Act's implementation timeline: a missed statutory deadline would test how much the framework binds in practice. The agency's urgency signals it treats the rules as foundational infrastructure rather than a compliance formality, which affects any issuer or bank waiting on federal clarity before committing. Whether the OCC actually lands the rules before January, and what the final text says about reserve and custody standards, is the open question to watch.