OCC published proposed rules implementing the GENIUS Act — the first federal stablecoin framework — covering payment stablecoin issuers, foreign issuers, and custody activities under OCC jurisdiction, with a 60-day public comment window now open.
Comptroller Gould told the Senate the agency is welcoming bank charter applications and 'clearing new ways for banks to embrace new technologies.' For enterprise Ethereum, this sets the operational rules institutions need to issue compliant stablecoins under federal supervision and provides the regulated on-ramp banks have been waiting for.