Today closes the public comment period on the GENIUS Act AML rules for stablecoin issuers. That is one piece of a broader regulatory sprint.
Since February, six federal agencies have published proposed rules implementing the GENIUS Act: OCC, FDIC, NCUA, FinCEN, Treasury, and OFAC. Only the Federal Reserve has not. Final rules are due July 18. Effective by January 18, 2027.
5 years of stablecoin policy debate. The full federal framework now lands in 6 weeks.
For anyone building on-chain banking, this closes a specific conversation. The "we will wait until the regulatory picture is clear" line from bank and processor partners stops working. Partnerships that paused on regulatory uncertainty resume.