GENIUS Act at One Year: U.S. Stablecoin Rules Still Under Construction

One year after the U.S. GENIUS Act took effect, the OCC and FDIC are still drafting detailed implementing rules for stablecoin issuers on reserves, capital, custody, and AML/KYC standards. Non-compliant stablecoins face removal from U.S. markets by July 2028, creating a two-year compliance window with significant operational uncertainty. If you issue or plan to issue a stablecoin, you have 30 months to prove you meet rules that don't yet exist. Start mapping your reserves, custody, and AML infrastructure now against what the OCC is signalling—waiting for the final rule in 2027 means you're already late.