Eight days before the July 18, 2026 statutory deadline, no federal agency has published final GENIUS Act rules in the Federal Register. The OCC, FDIC, NCUA, Treasury, FinCEN, and OFAC remain at the proposed-rule stage. Three open comment periods extend past the deadline, with the latest closing August 21.
The Federal Reserve has not published a standalone proposed rule for GENIUS Act implementation. The NCUA standards comment period closes July 17, one day before the statutory deadline. Without final rules from all primary regulators, the 120-day accelerated effective date clock cannot start.
The Act defaults to its eighteen-month backstop, making January 18, 2027 the effective date regardless of rulemaking progress. State-chartered issuers with more than $10 billion in outstanding stablecoins must then transition to federal supervision within 360 days.