On February 25, 2026, the federal Office of the Comptroller of the Currency (OCC), published draft regulations for payment stablecoin issuers under the GENIUS Act. The proposed rules focus on stablecoin activities of entities that the OCC will supervise under the GENIUS Act, including stablecoin issuers that are owned or chartered as national banks, as well as certain federally licensed nonbanks and foreign stablecoin issuers operating in the US.
The proposed regulations would cover a range of supervisory matters relating to permitted payment stablecoin issuers, including:
- Permitted (and prohibited) activities for stablecoin issuers;
- Reserve and net capital requirements;
- Requirements for redemption, risk management, audits, reporting, and supervision;
- Regulations regarding certain custody matters;
- Applications and registration processes for permitted stablecoin issuers; and
- Provisions for supervisory and enforcement actions.
Public comments are due 60 days from the date of publication of the proposed rules in the Federal Register.
PartnerScott brings in-depth knowledge of SEC policies, procedures and enforcement philosophy to each representation. Scott regularly advises clients across a broad sector of the economy facing sensitive reporting, compliance and ...
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On July 30, 2025, the President’s Working Group on Digital Assets released its report entitled “Strengthening American Leadership in Digital Financial Technology.” The report champions American innovation in crypto, and “endorses the notion that digital assets and blockchain technologies can revolutionize not just America’s financial system, but systems of ownership and governance economy-wide.”
On June 18, 2025, President Trump signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins Act” or GENIUS Act. The new Act establishes a comprehensive mechanism for the regulation of payment stablecoins, and represents the first major legislation Congress has passed on digital assets.
The Hunton Blockchain Blog features opinions and legal analysis as we follow the development and use of distributed ledger technology known as the blockchain.
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