VASP Tracker › United States
United States crypto licensing: GENIUS Act
Upcoming Next deadline: 18 Jan 2027 (takes effect)
- Regulator
- OCC · Federal Reserve · FDIC · NCUA · state regulators · Treasury
- Legal basis
- GENIUS Act (Public Law 119-27) · payment stablecoins
Congress.gov · S.1582 GENIUS Act - Official register
- No federal register of permitted payment stablecoin issuers has been published yet.
What is changing
The GENIUS Act sets up a federal licensing framework for payment stablecoins, supervised by the OCC, the Federal Reserve, the FDIC and the NCUA alongside state regulators and Treasury.
The Act takes effect on the earlier of 18 months after enactment or 120 days after final implementing rules are issued (s. 20). In a Federal Register notice of 30 September 2026, Treasury gives 18 January 2027 as the expected effective date.
Timeline
- law adopted
The GENIUS Act is enacted (Public Law 119-27).
Sources: OCC Bulletin 2026-3 official
- rules published
Treasury publishes an interim final rule on the review of state certifications. The notice states that the Act's effective date is expected to be 18 January 2027.
Sources: Federal Register 2026-19966 official
- takes effect
Expected effective date. Section 20 makes the Act effective on the earlier of 18 months after enactment or 120 days after the primary federal regulators issue final implementing rules. Treasury gives 18 January 2027 as the expected date.
Sources: OCC Bulletin 2026-3 official · Federal Register 2026-19966, fn. 17 official
A company-level tracker for United States is in preparation. This page covers the rules and dates only. CSV
Cite this
VASP Tracker, “United States crypto licensing: GENIUS Act”, https://vasptracker.com/en/us/ (20 Oct 2026), CC BY 4.0.