60 Days to GENIUS: From final rule to approved and operational
The GENIUS Act and the OCC’s final rule take effect on January 18, and institutions preparing for it need to understand what the final rule means for work already underway. What should they revisit in their applications, and how can they show that their operations are ready?
Join Hypernative and The Digital Chamber for a discussion bringing together legal, policy and issuer perspectives on reaching approval and meeting ongoing requirements.
We’ll cover:
Licensing and the path to approval: What it takes to be approved as a payment stablecoin issuer, how the path differs if you already hold a license or charter, and what evidence makes an application “substantially complete.”
Temporary waivers: If you already issue a stablecoin, which activities can continue on January 18 under a waiver, and which obligations apply from day one.
What changed from the proposal: Where the OCC moved in response to industry feedback, where it held firm, and what to revisit if you prepared under the proposal.
Third-party rewards: How issuers and distributors can assess whether a reward amounts to prohibited yield, with the OCC dropping its proposed presumption but offering no safe harbor.
Security and controls under pressure: What to monitor once your stablecoin circulates beyond your platform, who should be able to step in when something goes wrong, and how to show a supervisor your controls work.
Meet your panelists:
Alice Saker Hrdy, Partner, Morgan Lewis
Kevin Wysocki, Head of Policy, Anchorage Digital
Caroline Hill, Senior Director of Global Policy and Regulatory Strategy, Circle
Jonathan Schmalfeld, Director of Policy, The Digital Chamber
Abe Fich, Policy Associate, The Digital Chamber
Moderator: Alex Rabke, Senior Vice President, Global Sales & GTM