U.S. Treasury · Federal Reserve (FED) · Cointelegraph
US agencies miss GENIUS Act deadline for final stablecoin rules
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US regulators failed to finalize implementing regulations by the GENIUS Act’s one-year deadline, issuing 10 proposed rules instead.
Key facts
- On June 26, Galaxy Digital cut its odds of the CLARITY Act becoming law in 2026 to 50%, citing the lack of a unified Senate Banking-Agriculture text, no firm floor schedule and a narrowing
- US regulators failed to finalize implementing regulations by the GENIUS Act’s one-year deadline, issuing 10 proposed rules instead
- Those agencies include the Department of the Treasury, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board, according
- US regulatory agencies missed Saturday’s rulemaking deadline under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, one year after the law was signed
Summary
US regulatory agencies missed Saturday’s rulemaking deadline under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, one year after the law was signed. While several regulatory agencies published proposed rules and collected public feedback during the past year, no final regulations were issued before the deadline. Those agencies include the Department of the Treasury, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board, according to rulemaking trackers by law firm Chapman and crypto investment company Paradigm. Missing the statutory deadline does not invalidate the GENIUS Act, but the unfinished rules could result in regulatory uncertainty for stablecoin issuers.