Federal Reserve (FED) · U.S. Treasury · The Block
US regulators miss GENIUS Act’s one-year deadline for final stablecoin rules
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★ Tier-1 Source
U.S. regulators reached the GENIUS Act’s one-year rulemaking deadline on Saturday without issuing the final regulations needed to fully implement the country’s new federal stablecoin framework.
Key facts
- President Donald Trump signed the GENIUS Act, or the Guiding and Establishing National Innovation for U.S. Stablecoins Act, into law on July 18, 2025, marking the first major standalone federal
- Under Section 20, the law takes effect on the earlier of Jan. 18, 2027 (18 months after enactment) or 120 days after the primary federal regulators issue final implementing rules
- As of Saturday afternoon, the principal rule packages issued by the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration
- Section 13 of the enacted statute directed each primary federal payment stablecoin regulator, the OCC, Federal Reserve, FDIC and NCUA, along with the Treasury secretary and each state stablecoin
Summary
As of Saturday afternoon, the principal rule packages issued by the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA) and Treasury Department remained proposals. President Donald Trump signed the GENIUS Act, or the Guiding and Establishing National Innovation for U.S. Stablecoins Act, into law on July 18, 2025, marking the first major standalone federal crypto framework to clear Congress. Section 13 of the enacted statute directed each primary federal payment stablecoin regulator, the OCC, Federal Reserve, FDIC and NCUA, along with the Treasury secretary and each state stablecoin regulator, to promulgate implementing regulations through notice-and-comment rulemaking no later than one year after enactment.