Executive Branch and Treasury Moves Forward on Stablecoin Regulation
The U.S. Treasury Department has opened a public comment period on proposed rules implementing the GENIUS Act, stablecoin legislation signed into law last year. The rule would establish core definitions and jurisdictional authority ahead of the law's January 2027 effective date, according to multiple sources. Treasury is also proposing rules that would restrict who can legally sell stablecoins to U.S. customers, with those restrictions potentially taking effect in 2027.
In a parallel development, the Office of the Comptroller of the Currency granted conditional approval for World Liberty Financial's charter application as a trust company. The approval came as ten Democratic lawmakers introduced legislation aimed at preventing corruption in banking applications. The OCC decision signals the Trump administration's willingness to integrate crypto-focused financial entities into the traditional banking regulatory structure.
