Permitted Payment Stablecoin Issuer Customer Identification Program

What it does

The Financial Crimes Enforcement Network (FinCEN), together with the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) are jointly issuing this proposed rule to implement certain provisions of the Guiding and Establishing National and Innovation for U.S. Stablecoins Act (GENIUS Act). Specifically, this rulemaking implements the GENIUS Act's directives to treat permitted payment stablecoin issuers as financial institutions under the Bank Secrecy Act and to require issuers to maintain an effective customer identification program.

The Financial Crimes Enforcement Network's summary, as published in the Federal Register.

What it would change

1 part of Title 31 of the Code of Federal Regulations:

31 CFR 1033

Before this

No earlier Federal Register document under regulation identifier 1506-AB74 since Jan. 1, 2025.

What happens next and when

Comments must be received by August 21, 2026.

The agency's dates, word for word.

Check it yourself

• The document in the Federal Register
• Docket FINCEN-2026-0101 on Regulations.gov
• Title 31 on eCFR

The record as published

Source: the Federal Register (public domain). The document in the Federal Register