GENIUS Act Timeline: 2025 to 2028

Every key GENIUS Act date: enactment, proposals, OCC charter decisions, the effective date and later deadlines.

1. 18 Jul 2025Law

   GENIUS Act Enacted

   Public Law 119-27. Effective on the earlier of 18 months after enactment or 120 days after final regulations (section 20).

   Source: Act text official

2. 19 Sep 2025Rulemaking

   Treasury Advance Notice

   Treasury asks for comment on implementing the Act.

   Source: Federal Register official

3. 12 Dec 2025OCC

   First Five OCC Conditional Approvals

   Circle and Ripple (new charters); BitGo, Fidelity Digital Assets and Paxos (conversions).

   Source: OCC official

4. 9 Feb 2026OCC

   Anchorage Operating Agreement Terminated

   The OCC finds Anchorage Digital Bank compliant with its 2021 operating agreement.

   Source: OCC SCL 2026-01 official

5. 2 Mar 2026Rulemaking

   OCC Proposed Rule

   The OCC proposes rules for stablecoin issuance by its supervised entities.

   Source: Federal Register official

6. 3 Apr 2026Rulemaking

   Treasury: State-Regime Principles

   Proposed principles for whether a state regime is substantially similar.

   Source: Federal Register official

7. 18 Aug 2026Rulemaking

   Treasury: Issuance, Offer and Sale

   Proposed regulations on payment stablecoin issuance, offer and sale.

   Source: Federal Register official

8. 29 Sep 2026Rulemaking

   Federal Reserve Proposals

   Two Federal Reserve proposals implementing the Act.

   Source: Federal Register official

9. 30 Sep 2026Rulemaking

   Treasury Interim Final Rule

   Forms and procedures for the Stablecoin Certification Review Committee; states the Act takes effect on 18 January 2027.

   Source: Federal Register official

10. 18 Jan 2027Deadline

    GENIUS Act Takes Effect

    Issuing a payment stablecoin in the US generally requires being a permitted payment stablecoin issuer.

    Source: Federal Register official

11. 18 Jan 2028Deadline

    Initial State Certifications

    One year after the effective date (section 4(c)(4)(A)); date as discussed in Treasury's rule.

    Source: Federal Register official

12. 18 Jul 2028Deadline

    Offer Ban for Service Providers

    3 years after enactment (section 3(b)); date calculated by VASP Tracker.

    Source: Act text official

18 July 2028 is a VASP Tracker calculation (3 years after enactment). Comment deadlines for every proposal: rulemaking.