OCC finalizes first GENIUS Act rule, reassessing stablecoin rewards under the ban

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The U.S. Office of the Comptroller of the Currency has become the first federal agency to complete its rulemaking under the GENIUS Act. The regulator is reconsidering how stablecoin rewards fit within the act's prohibition on such payments. The agency approached the issue anew rather than building on earlier positions. The final rule marks an early milestone as several other federal agencies continue drafting their own regulations under the same law.

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