OCC proposal seeks to settle stablecoin yield debate, clearing way for CLARITY

Written by Christina Comben , Staff Editor Reviewed by Bryan O'Shea , Staff Editor OCC proposal seeks to settle stablecoin yield debate, clearing way for CLARITY 45 minutes ago The OCC’s proposal to implement the GENIUS Act would bar yield on payment stablecoins and introduce a rebuttable presumption against common issuer–affiliate reward structures. Listen 0:00 News Cointelegraph in your social feed Join our Subscribe on The US Office of the Comptroller of the Currency (OCC) has dropped a 376‑page proposal to implement the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act that looks to settle the ongoing stablecoin yield fight. The proposal is open to public comment for 60 days from Wednesday’s publication date, and sets out detailed rules for permitted payment stablecoin issuers under the OCC’s jurisdiction. Supervised entities would be barred from paying any form of interest or yield, whether in cash, tokens or other consideration, “solely in connection with the holding, use, or retention” of a payment stablecoin, consistent with section 4(a)(11) of the GENIUS Act . Thania Charmani, partner at global law firm Winston & Strawn, commented on X that the OCC proposed to “resolve the debate on stablecoin yield through rulemaking,” potentially clearing the way for the Digital Asset Market Clarity Act of 2025 (CLARITY) to “proceed without that provision.