OCC lays out GENIUS Act framework for federal stablecoin issuers

• OCC Bulletin 2026-3 announced a notice of proposed rulemaking on February 25, 2026.
• The proposal implements GENIUS Act rules for payment stablecoin issuance and related activities by entities subject to OCC jurisdiction.
• The proposed rule would create a new 12 CFR Part 15 for most OCC GENIUS Act rules.
• Covered topics include reserve assets, redemption, risk management, audits, reporting, supervision, custody, applications, foreign issuer supervision, approval revocation, and capital and operational backstops.
• The OCC said BSA, AML, and OFAC sanctions requirements would be handled in a separate rulemaking coordinated with Treasury.

This is the main OCC lane for federal stablecoin issuer structure. It turns the GENIUS Act from a statute into proposed supervisory plumbing for entities close to national-bank and federal issuer frameworks. For TxFlows readers, the important point is that stablecoin regulation is splitting into multiple tracks: reserve and issuer-approval rules here, BSA/AML and sanctions rules elsewhere, and separate treatment for FDIC and NCUA supervised issuers.

1. July 18, 2025

   GENIUS Act enacted.

2. February 25, 2026

   OCC issued Bulletin 2026-3 and the proposed rule package.

3. Future effective-date gate

   OCC says the GENIUS Act effective date is the earlier of 18 months after enactment or 120 days after primary federal payment stablecoin regulators issue final implementing regulations.

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Compiled from the public source documents and reporting listed below.