According to CoinDesk, the U.S. Office of the Comptroller of the Currency has completed drafting its final rule regarding stablecoin rewards, marking it as the first federal agency to finish writing regulations under the GENIUS Act. The OCC will now evaluate how stablecoin reward programs align with the act’s prohibitions. The rule aims to assess compliance without reference to prior guidance or enforcement actions. Other federal agencies remain in earlier stages of developing related rules under the same legislative framework.
The GENIUS Act imposes restrictions on certain stablecoin reward mechanisms. The OCC’s approach treats the evaluation as a starting point, allowing consideration of program design in light of the act’s requirements. No timeline for implementation or further agency actions is specified in the rule. The focus remains on regulatory clarity for entities offering stablecoin-based incentives.
