The American Bankers Association (ABA) said the OCC's finalized rules implementing the GENIUS Act include several positive steps but remain critical of provisions on stablecoin yield. The OCC dropped a proposed presumption that certain third-party arrangements violated the ban on yield payments, which the ABA says would let issuers offer economically equivalent yield while technically avoiding the prohibition. The ABA warned this could blur the line between payment stablecoins and bank deposits and threaten funds banks use for lending. The Blockchain Association welcomed the change, while the Bank Policy Institute sided with the ABA and warned of deposit flight. The OCC finalized its rules ahead of the Act's January 2027 implementation, and the Federal Reserve and Treasury are expected to issue their own GENIUS-related rules.
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BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/20/2026 | 83,028.15 |
| Change that session | +1.33% |
ETH/USDT
• NeutralEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/20/2026 | 2,449.20 |
| Change that session | +1.71% |
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The American Bankers Association (ABA) says the OCC's finalized rules implementing the GENIUS Act undermine Congress's intent on stablecoin yield, despite several positive steps. By dropping a presumption that certain third-party arrangements violated the yield ban, the rules could let issuers offer economically equivalent yield while technically avoiding the prohibition, which the ABA warned could blur the line between stablecoins and bank deposits. The Blockchain Association backed the change, while the Bank Policy Institute sided with the ABA, warning of deposit flight. The OCC finalized its rules ahead of the Act's implementation in January 2027, and the Federal Reserve and Treasury are expected to issue their own GENIUS rules.
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