Under the US GENIUS Act, six federal regulators (OCC, FDIC, NCUA, Treasury, FinCEN and OFAC) were required to finalize rules for dollar backed stablecoin issuers by 18 July 2026, a framework that could affect regulatory clarity for stablecoins such as USDT used in informal Iranian currency trading. By the deadline none had issued final rules; only proposed rules were published, pushing finalization toward late 2026 or early 2027.
- Status:
- missed
- Reason:
- None of the six federal regulators (OCC, FDIC, NCUA, Treasury, FinCEN, OFAC) issued final rules by the 18 July 2026 statutory deadline; only proposed rules were published, with comment periods having closed 9 June 2026.
As of Jul 18, 2026
