OCC's GENIUS Act Rules Put Existing Stablecoin Rewards Programs at Risk

The OCC finalizes GENIUS Act rules for stablecoin issuers, raising questions about existing crypto exchange rewards programs and compliance requirements. US crypto exchanges may face fresh uncertainty following new rules under the GENIUS Act . While the Office of the Comptroller of the Currency (OCC) has finalized stablecoin regulations, the new rules could put existing rewards under scrutiny. The legislation now prohibits certain payments tied to holding or using stablecoins. But the regulator has not clearly explained which reward programs could be affected. The OCC has reportedly finalized the stablecoin rules under the GENIUS Act.