🇺🇸 LATEST: The US Treasury says the OCC’s final GENIUS Act rule establishes a federal framework for payment stablecoins that “Further cements American dominance in digital assets.” Circle and Coinbase both closed up more than +4% on the news. Taking effect January 18, 2027, the rule covers reserves, redemption, custody and foreign issuers. Meanwhile, banks are pushing back. The American Bankers Association says the rule undercuts Congress’s intent, while a future Comptroller could revisit its interpretation, leaving the framework exposed to further policy shifts.