The U.S. Office of the Comptroller of the Currency issued a final rule on October 21, 2026 to implement the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act for payment stablecoin issuers and custody services

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Judge Alvin K. Hellerstein ruled under Federal Rule of Civil Procedure 60 that newly acquired knowledge of facts existing when the January 2025 consent order was entered does not constitute a significant change in factual circumstances

The CFTC filed a lawsuit in 2022 alleging Gemini Trust Company made false or misleading statements of material fact in 2017 regarding a Bitcoin futures contract relying on Gemini auction prices

Zodia Custody obtained a payment institution license in Luxembourg in June 2026, enabling regulated stablecoin custody and transfer services across the European Union

The Financial Conduct Authority opened applications for a new UK cryptocurrency regulatory regime on September 30, 2026, ahead of rules coming into force on October 25, 2027.

Stand With Crypto called on UK banks to adopt risk-sensitive, case-by-case controls rather than sector-wide blocks on cryptocurrency transactions.

A total of 9,803 individuals submitted 10,092 complaints to UK banks over cryptocurrency transfer restrictions between May and August 2026, according to a Stand With Crypto report.

British lawmakers in the All-Party Parliamentary Group questioned major UK banks in August 2026 regarding excessive restrictions on cryptocurrency accounts and payments.

Syrup provides yield-bearing collateral tokens, including Syrup USDC and Syrup USDT, across decentralized money markets

The Office of the Comptroller of the Currency's final rule implementing the GENIUS Act applies to national bank subsidiaries, federally approved nonbank issuers, state-qualified issuers, foreign issuers, and custody activities at supervised financial institutions

Cryptocurrency platforms offer yield incentives on stablecoins, including PayPal at 4% on PYUSD, Coinbase One at 3.75% on USDC, and Kraken+ at up to 4.5% on USDG

Existing stablecoin rewards programs operated by cryptocurrency exchanges will not receive automatic safe harbors or presumptions of compliance under the Office of the Comptroller of the Currency's final rule implementing the GENIUS Act

The Office of the Comptroller of the Currency removed a proposed rebuttable presumption from its final rule implementing the GENIUS Act that would have automatically treated affiliate and third-party rewards arrangements as violating the GENIUS Act yield ban

The Office of the Comptroller of the Currency final rule implementing the GENIUS Act and the GENIUS Act take effect concurrently on January 18, 2027

In April 2026, FinCEN and the Office of Foreign Assets Control proposed joint regulations requiring stablecoin businesses to maintain anti-money laundering programs and transaction-freezing capabilities

The Office of the Comptroller of the Currency will review third-party yield and reward arrangements on a case-by-case basis through license applications, ongoing supervision, and public guidance

Additional rulemakings implementing aspects of the GENIUS Act remain underway at the Treasury Department, Federal Reserve, and Federal Deposit Insurance Corporation

LayerZero partnered with Tether to deploy the Omnichain Fungible Token standard for cross-chain transfers

The Office of the Comptroller of the Currency suggested that rewards provided at least in part for reasons other than solely holding or using a stablecoin fall outside the GENIUS Act's statutory prohibition

The Office of the Comptroller of the Currency's final rule implementing the GENIUS Act requires payment stablecoin issuers to honor holder redemption requests within two business days

Under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, payments made to customers solely in connection with holding, using, or retaining a payment stablecoin are prohibited