Banking group asks for more time to comment on US stablecoin bill

The letter to four US government agencies said banks needed 60 more days for comment after OCC stablecoin rulemaking had been finalized.

The American Bankers Association (ABA) has asked US government agencies responsible for regulations related to a stablecoin bill for more time to comment, potentially delaying implementation by as much as two months.

In a Tuesday letter to the US Treasury Department, Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN) and Treasury’s Office of Foreign Assets Control, the ABA requested the agencies extend the deadline for public comment on rules for the GENIUS Act, a stablecoin payments bill signed into law in July 2025.

The banking group asked for 60 additional days to comment on rulemaking after the issuance of a final rule by the Office of the Comptroller of the Currency (OCC), saying the rules by the other agencies were “substantially dependent” on the outcome of the OCC’s.

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