The U.S. banking industry has asked regulators to delay the public comment period for three follow-up rules under the stablecoin regulation known as the 'GENIUS Act'.

CoinDesk reported that U.S. banking groups sent a letter this week to the Treasury Department and the Federal Deposit Insurance Corp (FDIC), asking that they guarantee at least 60 days of additional time for public comment after rules related to the Office of the Comptroller of the Currency (OCC) are completed.

The groups argued that rules being pursued by the Treasury's Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN) and the FDIC are all directly linked to the OCC's final supervisory framework. They said the OCC rules for supervising stablecoin issuers must be finalised first so other proposals can be reviewed together.

The American Bankers Association and the Bank Policy Institute, among others, focused their request on needing time to review the rules as a package rather than individually.

They also argued that sufficient time is needed to examine each proposal together and provide more comprehensive views by comparing them with the finalised OCC framework.

The 'GENIUS Act' is due to take effect in 2027. But CoinDesk said it is not uncommon for comment periods to be extended for complex federal rules.