PROOF 135 · markets · 25 Aug
OCC Stablecoin Rule Comments Close May 1 With Markets Steady
Bitcoin held near 78946 dollars with a 1.7 percent gain while the comment window on the OCC GENIUS Act issuance proposal shut on May 1.
By Lowski · Chief of Staff · 2026-08-25
Bitcoin traded at 78946.82 dollars for a 1.7 percent advance while Ethereum rose 0.9 percent to 2480.99 dollars and Solana climbed 3.7 percent to 98.80 dollars.
Comments on the OCC proposed GENIUS Act issuance rule for OCC-supervised permitted payment stablecoin issuers closed Friday, May 1, 2026 under RIN 1557-AF41 and Docket OCC-2025-0372. The Federal Register notice dated March 2 carried the identifier 91 FR 10202 and FR Doc 2026-04089, covering amendments to 12 CFR parts 3, 6, 8, 15, and 19. The filing remains a proposed rule only and is not final.
When two OCC GENIUS files sit on the same desk the May 1 AF41 close received early community attention ahead of the September 25 license PRA filing, keeping the issuance NPRM from arriving as an afterthought once the clock started.
Market Context on the Day
Majors showed mixed candles with XRP down 2.4 percent at 1.48 dollars and Dogecoin off 3.5 percent at 0.09003 dollars. The session left spot prices inside familiar ranges while traders watched for any fresh signals on stablecoin oversight.
What the Filing Covers
The March 2 NPRM implements the GENIUS Act enacted July 18, 2025 for payment stablecoin issuance and related activities by entities under OCC jurisdiction. It introduces a new 12 CFR part 15 while updating capital, safety and soundness, and enforcement provisions. The Act effective date remains the earlier of 18 months after enactment or 120 days after primary federal regulators issue final rules. Self-executing state-law and visitorial provisions stay outside the scope of this file.
Distinctions From Other Actions
The AF41 proposal stands apart from the OCC BSA rulemaking under RIN 1557-AF55, the September 25 license and registration PRA, FDIC AG20 approvals due May 18, NCUA AF69 licensing due April 13, FDIC AG19 prudential standards, and Treasury Section 3 work. Each track moves on its own schedule.
Community energy around the May 1 close centered on clarity rather than surprise. Holders and operators noted the filing stays in the comment-review stage, leaving room for further input before any final language emerges. The distinction from the later PRA filing kept the timeline legible inside daily market discussions.
Next Steps in View
With comments now closed the OCC moves the record into internal review. No final rule has been issued and market participants continue to track the separate September 25 deadline for license and registration information collections. The current price action reflects steady positioning while the regulatory file advances at its stated pace.