Federal Agencies Rush to Finalize Stablecoin Regulations Ahead of July 18 Deadline

Six federal agencies, including the OCC, FDIC, NCUA, Treasury, FinCEN, and OFAC, are working to finalize the GENIUS Act stablecoin rules by July 18, 2026. The process has revealed conflicts between the banking industry and crypto companies, with a key provision potentially prohibiting compliant American stablecoins from offering yield to holders.