Regulating Stablecoins: The OCC's Proposed GENIUS Act Rulemaking

Orrick's Nathaniel Reisenburg joins RegFi co-hosts Jerry Buckley and Caroline Stapleton to discuss the newly proposed regulatory framework for payment stablecoins released by the Office of the Comptroller of the Currency pursuant to the GENIUS Act. The conversation examines the proposal's requirements for reserves, redemption rights, capital and supervision, as well as the Act's prohibition on issuer-paid interest or yield. The episode also explores the policy goals behind stablecoin regulation and what current and prospective issuers should be doing now as the rulemaking process moves forward.

Links:

• OCC Notice of Proposed Rulemaking | GENIUS Act Regulations
• OCC Proposes Rule to Implement the GENIUS Act (Orrick Insight)
• RegFi Episode 75: GENIUS Act Implications for Banks and Stablecoin Issuers
• RegFi Episode 71: GENIUS Act: Establishing a Federal Regulatory Framework for Stablecoins
• RegFi Episode 67: Stablecoins: The GENIUS Act Explained
• Orrick Blockchain & Digital Assets
• Orrick Financial & Fintech Advisory
• RegFiPodcast.com