Guiding and Establishing National Innovation for U.S. Stablecoins Act stories

Aug 25, 2026

Blockchain Association urges Treasury to limit GENIUS Act stablecoin ID rules to primary markets

The Blockchain Association filed a letter supporting proposed GENIUS Act regulations while asking five U.S. agencies to clarify that customer identification requirements should apply only to direct issuer relationships, not peer-to-peer transfers or secondary markets. The industry group argues this approach would reduce compliance costs for stablecoin issuers while maintaining regulatory oversight.

Aug 25, 20263 sources

Aug 19, 2026

OCC targets November deadline for final GENIUS Act stablecoin regulations

The Office of the Comptroller of the Currency is working to finalize rules by November to implement the GENIUS Act, the federal stablecoin framework signed into law by President Donald Trump. Comptroller Jonathan Gould announced the timeline after receiving industry feedback on the proposed regulatory framework.

Aug 19, 20264 sources

Aug 17, 2026

U.S. Treasury proposes rules to implement GENIUS Act stablecoin regulation

The U.S. Treasury Department released a Notice of Proposed Rulemaking to implement the GENIUS Act, defining requirements for stablecoin issuers and exchanges, including federal licensing for payment stablecoin businesses and criminal penalties up to $1 million and five years in prison. The proposal opens a 60-day public comment period.

Aug 17, 20265 sources

Jul 23, 2026

OCC Rejects Wise's National Trust Bank Charter Application; Company to Reapply Under GENIUS Act

The U.S. Office of the Comptroller of the Currency denied London-based payments company Wise's application for a national trust bank charter, citing deficiencies. Wise plans to resubmit a new application under the GENIUS Act stablecoin framework.

Jul 23, 20269 sources

Tassat Unveils Project NENYA Stablecoin Reserve Platform for Regional and Midsize U.S. Banks

Tassat has unveiled Project NENYA, a stablecoin reserve management platform it expects to launch in early 2027. The proposed platform is designed to connect regulated stablecoin issuers with regional and midsize U.S. banks and facilitate reserve allocation across cash deposits and tokenized high-quality liquid assets. The announcement follows the passage of the GENIUS Act.

Jul 23, 20264 sources

Jul 20, 2026

Global Crypto Regulation Faces Implementation Crisis as U.S. Misses GENIUS Act Deadline, Europe Sees 90% Firm Failure Rate

The United States missed the July 18, 2026 deadline to implement its GENIUS Act while the CLARITY Act stalls, as Europe's MiCA regulations result in only 280 of approximately 2,800 crypto firms gaining authorization. South Africa's Reserve Bank continues developing regulations for its 8 million crypto traders.

Jul 20, 20265 sources

Top claims

▪The joint agency proposal's preamble states that smart contract interactions do not currently provide stablecoin issuers with the information needed to verify identities, describing such obligations as nearly impossible.
▪The proposed customer identification program rule would take effect 12 months after a final rule is issued, while the wider GENIUS Act framework begins restricting unlicensed payment stablecoin issuance on January 18, 2027.
▪The Blockchain Association requested that the compliance date for the customer identification rule match the compliance date of the separate FinCEN and OFAC anti-money laundering and sanctions rulemaking published on April 10.

Topics

Crypto lobbying Crypto regulation DeFi regulation Stablecoins Stablecoin regulation Crypto & banking regulation U.S. AI regulation Payments Fintech Crypto bank charters Tokenized securities Crypto market regulation EU digital regulation Crypto regulatory frameworks Crypto regulatory agencies

Related entities

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