Weekly and quarterly reporting forms that must be completed by permitted payment stablecoin issuers and foreign payment stablecoin issuers registered with the national bank regulator was proposed Thursday by the agency.
The Office of the Comptroller of the Currency (OCC) said the reporting proposal was issued under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The law, adopted in 2025, allows banks and credit unions to issue payment stablecoins through a subsidiary and to engage in “certain related activities.”
Under the proposal, information collection would apply to permitted payment stablecoin issuers and foreign payment stablecoin issuers for whom the OCC has regulatory authority through the GENIUS Act, the OCC said.
More specifically, the agency said, the proposal would include weekly and quarterly reporting forms that must be completed by permitted payment stablecoin issuers and foreign payment stablecoin issuers.
The proposed rule would also require permitted payment stablecoin issuers and foreign payment stablecoin issuers to submit two reports to the OCC: (1) a weekly confidential reporting form to the OCC for each payment stablecoin it issues, and (2) a quarterly reporting form to the OCC.
Comments are due with 60 days after the proposal’s publication in the Federal Register.
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